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Another day waiting for the short report...
Less than 60% short.. Well, it won't be a good thing.
20 million at .0006. Now thats a low price.
AUTO is making me nervous..
JC ???
These games are MM games shorting the stock down to pick up cheap shares and then selling them on the way up then shorting them at the tops to drive down the pps and then cover the shorts. Its the game everyone is talking about. I would hardly call 84mil in volume people not liking this stock. With todays volume spike I would say exactly the opposite.
Good question. Auto and VERT are here for something. Vert hasn't moved since he set up so I think its just one order that needs cleared out.
LAMP it sitting on the bid... ETMM and NITE are screwed unless they move up. ITs getting interesting.
ETMM just covered another mil.
I am looking forward to seeing the short report for today.
What I want to know is how deep VERT is... ETMM and NITE are thin and just playing games.
those .008's that are falling is NITE covering... Cash money.
Looks like VERT has someone wanting to flip out. Just need a little volume and we can see him off. Still waiting for NITE and ETMM to start covering.
RELM, here we go again. Perfect Chart and buys comming in.
.0011 wall. Is it real or is it fake?
We have another 20 mil to cover from the looks of the l2. Should see a 50 mil day.
Crystal ball says .0011's are thin if not gone by days end.
Yeah, I did. Posted before I read the rest of the board.
This has the potential to go bananas in a hury. I haven't seen him here... EVER.
Dude, did you see LAMP show up on the ask for a sec?
He sold 130k and was gone?
LAMP is now on the Bid so something else is up.
Next, Doms is moving up on the bid meaning the potential for some big money comming in. The chart just broke to the awesome side with the .001 paint. Should see volume and a little momo comming in.
Low volume means no dilution, all investors know the pps is lower than it should be and are willing to hold. Investors have enough confidence in the company that they are trying to do something positive. Lastly, that the market makers have slowed in shorting shares to lower the price. They try shorting and get no dumpers they see that they have bleed all out of the stock that they can. Now its time for them to let it run a little to gain more interest and watch the volume come up gradually. They should leave this alone a little more once they cover.
There are a couple last potentials that could be a cause... Someone sitting on the ask with a very large AON order they are not willing to sell short, or are holding back transaction trying to show a lack of interest to entice more dumpers.
Dude, They are going to try and hold this until Friday for any flippers and the volume is going to have to jump. 98% short.
This means ZERO dilution and almost ZERO selling. We are going higher. I think they blead this as much as they can...
Its about time. We will have to keep an eye on the FTD reports.
Yep, looks like they need to cover today and are looking for shares. 9 mil right?
Freudian slip?
10 dagger? lol. I know its been a painful ride but its going to get glorious soon!
I wish I knew. But, something is definately up.
Has anyone noticed the L2 afterhours. Typically you see the retail traders sticking around showing the latest info and such when they aren't really doiing much with the stock. Take for instance ZVTK, As of right now it still shows NITE sitting on the bid and ask. You will notice HDSN is gone. He shows up every morning a tick above on the ask side and somewhere right around the actual bid. Then around 10am he moves on the ask and sells shares at what ever the morning rally can move the pps up to.
Now today, look at the L2 for RELM.. At the close both ETMM and NITE made an abnormal exit at the buzzer. Up and left. I guess what I am getting at is that if you have been watching them as long as I have that something is up.
Today sharked something different from the MM's. Not sure what it is but RELM is not just another stock they are going through the motions with. I guess time will tell. Todays volume is drying up. They are going to have to do something to make a market.
The lack of 7's dropping today is very encouraging. We all know they need to cover a pile more and it looks like everyone is holding for more money. They are going to shake this down hard if they do not get their shares.. lol.
Rut Row Raggy, someone is hitting the ask again.
I think the term you are looking for is Bashtard.
Looking like it will be. Getting some retail buy pressure.
Morning fellas. I see Friday was another bust. They seem to keep getting the shares they need to cover. Not sure where. I Do think they are selling back and forth to eachother to extend this and push the pps as far as possible. There is no money for them to make by taking it to nothing so it will move eventually. Need to check the short reports for the last week to see what we can expect. We should still see volume in the 9mil range at minimum.
Something should break soon.
Unfriggin believable. 9% short today. People were actually giving away shares at .0007 and .0008.
These guys are good. $8k that should have sold for 14. I need to become a market maker just to be able to trade stocks without getting screwed. Chart looks worse. The volume will need to remain around 9mil for them to keep up the covering. If they get it I will be ultra pissed.
6 days in a row they have shorted at the bid...
Time to dig back into my fun money and see if there is any laying around I missed.
Correct, They can't take it to .0006 without a panic or shorting. I doubt anyone would be selling for a loss at this level. The funny part is that DOMS and UBSS were buying a pile of shares at the lows and now sit @ .0011 and .0014. Looks like someone is diggin themselves a hole. What I don't get is ETMM sitting at .0005 and Nite at .0006. I am guessing they want to show the other MM that they need to take it lower but they are having none of it.
This is the best line I have read in a long time.
"Buying begets buying, selling begets more selling but in many cases the buying that would normally bring more buying looks like selling and thus brings more sellers"
Perfect perspective.
Shorting Scoop on the last 10 days of shorting.
The need to cover within 10 days.
7/21 = 9 mil
7/20 = 7 mil
7/19 = 40 mil
7/16 = 4 mil
7/15 = 31 mil
7/14 = 9 mil
7/13 = 19 mil
7/12 = 9 mil
7/9 = 9mil
7/8 = 11 mil
If you look at the total volume you can see that over the last 10 days the MM shorted a total of 148 million shares.
Over the past 10 days there was a total volume of 193 million shares.
This means that actual people buying or selling averages only 4.5 million shares per day.
Now lets look at this a third way...
On 7/15 we has a later PR, prior to that we were trading in our normal range and tranding upward. As soon as the PR hit we watched a selloff ( MM created paint job ) where the MM shorted 65% of the total trades to stop a RELM run. The chart looked perfect, the PR was positive. It shook a few traders into dumping because of the panic but it quickly reversed and we saw some buy pressure once the dust settled. The drop they created through shorting made the chart looks like it has reversed and they used this reversal to cover their shorts. Now that they covered that still have to make up for 31mil from that day lone.
How are they doing. Lets just look at the past few days.
17th short 65%
18th short 72%
19th short 85%
20th short 77%
21st short 50% and they had to cover some of the old nakeds they had out there.
It is impossible for them to continue this.
Look at the ask and you will see ETMM and NITE flipping prices around and moving without actual trades. This is them trying to pickup the shares they need. Just stop selling and we will move north. The other MM are sitting at .0014 and I have not seen them move in the past 2 days. This means the investers they represent have no intention of selling. Nite and ETMM are working together to paint nasty pictures and the sentiments on the board are of desperation so it IS working.
Stop watching the L2 and bitching about slapping the ask. We do not have traders selling at .0008 - .001 so you need to understand this is all smoke and mirrors. Today was the first day we saw them at 50% and they managed this through dumping the pps and getting a few idiots to say "ok, you can just have mine and I will lose money".
Be patient and hold. If you are itching to get out set your sell at .0014 so when they are forced to cover you will get emptied. It will happen and SOON.
20100721|RELM|9187169|18669237|O 49.2% short.
They got half of the shares from retail. The other half is going to have to come from somewhere.
Just once I wish I could see who was behind all the trades. I am guessing it is smoke and mirrors but anything is possible.
I hope the SEC email does something about NITE and ETMM, it is bogus when they team up like they have been doing as of late.
Yep, they are covering. Looks like they are either selling to themselves to extend the 10 days or there are some idiots.. Most likily a combination of both. I wish I had bigger pockets right now...
It is what it is. The only way around this is to keep accumulating and waiting for the cover. Eventually they run out of sheep.
LOL, So I head into a meeting and see I have another 1.5 mil shares. WTF.. This IS MM games. ETMM is helping NITE cover.
I am out of bid support so if someone wants 8's then they are all yours. Unless we see some volume the chart is going to break and we will see 7's over the comming days. This will set us back a week or 2.. OH well.. And we wait.
I see that, I placed and order @ .0009 for bid support when I saw ETMM move to .001 and then saw NITE move to .001. Need it balanced or there is too much scalping oppertunity for flippers. Watching a little bit to see how it reacts.
What I don't want is to see a .0009 / .0014 spread. The gap will likily close us down for the day. The investors are still too spooky to hold through a dip.
RELM L2 ASK is .001 .0014.. Easy scalp.
RELM premarket action, L2 ask .001 then .0014
Breakout once the .001's are gone.
PRE-MARKET BUYING ALREADY!!!
ETMM is off the ask. We burn through .0009 and we are off to the races. If we bust thruogh I will push the ask.. Could spark a breakout and the chart will look perfect.
Premarket L2 top 4 each side.
2 x .0008 Bid
2 x .0007
1 x .0009 ASK
1 x .0014
1 x .0015
1 x .0018
We are having a hard time with some idiot or MM at .0009.
Once this falls we will be in good shape. Not sure what, why, or how they can sit there but it makes zero sence so I am guessing it is retail this time otherwise anyone needing to cover would take them and let the pps to go higher. Its obvious the other MM are sitting fine with shares so unless all the shorting was done by NITE it will move when this guy is done. I am sure ETMM will help out as he always does.