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Im not sure Ev, I have a call in to my broker. He says that he hasn't seen that color since 2008, and has calls in to his boss to figure out what's wrong. (laugh)
As long as we aren't selling in the next six weeks, who cares? Theres no volume, so they are slapping it around but when news comes in the very near future and it rockets to 3-5 dollar range we will all be laughing about the micro trades that happened "in the old days."
Then, this gets relisted and the games OVER.
Its the look on the MMs faces when they need to cover there naked shorts and they are under water 2 dollars per share that makes me not care about days like this.
Wake me on July 13th :)
I agree completely. The first wind of confirmed value sends us strait up. But until that confirmed value hits the market, its the "Money Maker Bid Smackdown Show"
everett,
Im in it for the long haul. And as some of the folks on here know, Im pretty light hearted about all of this. I don't think I was being negative at all. I think the upside of this stock is huge, and a once in a life time opportunity.
That being said, if 80 percent of the sales volume on this stock is naked shorting, it shows that at this point no one is buying this stock in volume of any consequence. If they were, these MM idiots would be run over by a train. The reason people aren't buying is because the last formal announcements in December point to us being left out in the cold. Hence the day our stock dropped down to about .10 cents. Now we all know that the EC is working on a solution, and that the judge seems to strongly favor shareholders.
Im merely pointing out that the market doesn't know this. There are no announcements on Reuters when a scrap of info hits an obscure court document. The market is numb to this information, and has demonstrated that for months now. It just means that when announcements do come, the people on this board are the ones that will gain the MOST...because we were SMART enough to look at court documents, etc.
As far as the market is concerned, in late December they announced the Ad Hoc Bonholders plan that eliminated shareholders, and haven't said a word otherwise since.
Im going to my room. lol.
I agree. The moment information gets released from Trx/EC, this thing is headed for orbit.
I really think these MMs are accruing shares for a source somewhere that has hired them to do so. Just my opinion.
I couldn't agree more. We've all hung in there and the wait is almost over! Don't let any bondholders frighten you from the equity that is coming your way!
I think that all the bid slapping is noise. We need to focus on when TRX and the EC are going to actually tell us something. Never in my wildest dreams did I think they would go MIA for 5 months.
When someone announces our inclusion in the restructuring, the petty bid/ask games are over. They get run over. I have to think we are going to hear something in the next 30-45 days.
Ill tell you this, if this thing dies on the vine after we dug in and waited, Im inviting everyone on this board out for drinks. I've enjoyed this ride and the people on this board no matter what happens.
These guys are trying hard to move it down but the selling just isn't there.
In a typical restructuring, there is no fraud from the parent company based on unreported debt on a balance sheet before the parent company is acquired. In a typical restructuring, there is no equity comittee assigned to look out for the shareholders who are victims of this fraud by a judge who is not amused by said fraud.
Tronox is anything but a "typical restructuring."
I am frankly shocked that they haven't slapped shares back in to the teens at this point. That B Shares are holding firm has me surprised.
It would be interesting if this were a sign of the markets awareness that the stock is a better bet.
It's very close, B Shares were at 1.40 on May 5th according to my history report. If we can maintain the buying frenzy, we could be in store for another jump.
Impressive Close!
Lets hope they don't slap it at the open tomorrow lol.
What is interesting to me is picking TRX to be your target.
Think about it. If I am going to make my money shorting stock, this is the LAST stock I would pick. Especially after five months of silence from Tronox and the EC. You KNOW that with the bonds at 125-130, that the shareholders are going to be in. You know that the stock could be a powder keg at any time. And THIS is the stock your going to bet against for itty bitty microtrades.
Talk about begging to have a bomb go off in your face.
But to those MM's, I say this:
Namaste. I celebrate the place where my drink with an umbrella in it and you taking out a third mortgage to cover your short become one.
I love how they murdered the B Shares.
1.05, criminal.
Man this market is WILD.
This is one of those times to walk away from the keyboard and come back in a month...don't sell a THING lol.
Still looking for that next breakout. There has to be some meaningful news coming soon that will act as a catalyst.
Creepy isn't it?
Wake me when we hit 500000 shares blowing past the ask and MMs are jumping out windows.
Shaking your magic 8ball and announcing "outlook looks bleak" doesn't count right? Lol
This is what you get for taking stock tips from random people on Chatroulette lol. J/K! Well back to training class...see you all later!
Yeah I'm heading to class right now, enjoy the day all. I'll check the board again tonight. Grats to everyone on here and most importantly, how promising the long haul looks for us
...
Indeed.
This is funny, I'm locked away in a hotel at a certification training camp for three weeks and I can't get any work done. I'm too busy laughing at some of these naked short sellers going broke on the Tronox Express.
I feel this way everyday.
The stock and the board.
This is the tightest I have seen it trade in the last six months.
201 B shares for the day...wow.
It only takes them a second to slap it. This is all noise. When we get news, the noise its over.
People are hearing about this stock. I have a friend thats a financial advisor and he mentioned that people are starting to talk about this one...lets hope this is just the beginning.
Makes me think MMs are creating new accts to trade shares between and control price.
First, thanks for sorting me out sec I do appreciate it.
Uhl, Im in. I'll even start selling tiny blocks to run these morons off our stock. If anyone can come up with a way of bankrupting these idiots, consider me in and show me how lol.
Hey sec, sorry to sound like the rookie on the block but how do I read those? I know it must be 94,600 shares and 122,060 shares but how do I interpret the numbers? Thanks man.
wierd to see high volume on the Bs without them going up...for MM games.
Yeah, Im sitting on 50/50 A and B shares...always looking for parity:)
Keep fighting the good fight. This reorg from BK can't take much longer. Time is on our side. I would say that regardless of what they want, decisions on all issues will be in stone within the next 90 days.
Im with you. All this garbage trading is getting old. I'm still trying to figure out how we haven't had any news in three months.