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The SEC......
....just concluded a vote on a number of items relating to regulating the shorting of stocks...5 SEC commissioners voted 3 to 2 to pass.....
per thepennyguru "So we will have a 10% circuit breaker. Once a stock has declined 10%. Shorting can only be done above the best bid. This will be in effect the remainder of the day and the next day. This will stop shorting bear raids."
Not sure what else was part of the vote but I hope there is more to it....that is a step in the right direction but is a little bit like putting whip cream on a turd....hope there is more
Hey Dino...
....the trading pattern on Torvec for the last week and a half has been similar.....decent volume levels but price stays bracketed. There has been increased demand for the Torvec shares yet the price stays where it is....knowing what we now know about the daily short activity, does the extent of it suprise you....?
dabreeze says to me.."You owe us an apology"..... one the funniest things here in a while...
who is going to apologize to me...??? LOL
You wanted to discuss something worthwhile....
Well for me and I would think many others here who are interested in the fate of Torvec, I find it a very worthwhile topic directly related to Torvec.......IMO
This will help all of you get some sleep..
....its only 273 pages
http://www.sec.gov/rules/proposed/2009/34-59748.pdf
Theoretically yes....
The problem is the naked shorting where in the cert was never an issue or concern of the naked shorter...they dont care about the cert...they are selling an imaginery cert....it's rediculous when you think about it...it needs to be completely stop gapped by the the regulators ......
I've been aboard .....
......before there was anything to board...LOL
Was just reading your forum.....
Alot going on....it's criminal what's been happening.
I have been blowing the naked short siren here for years and have been hit with canon balls for it....
For once....
Good question....If you are a market maker or an off shore fund you don't have the same rules to comply with.....still studying the whole thing. Appears we will know more soon.
Doing some homework....
Keep an eye out tomorrow...something is going on at SEC regarding a vote or change in regs regarding short selling. I am reading some amazing info that there is too much of to post but will get some info once I figure it out..... The magnitude of the shorting in OTC stocks is beyond my wildest imagination based on what I'm looking at.
The link to the daily short activity uncovered by jonups has only been available since last week and the resulting numbers, reflected in what we see for the daily TOVC shorting volume, is causing an absolute pandimonium effect. Knight Equity is right in the middle of the whole situation as they control 80% of the market of OTc stocks as the mother of all MM's...
This is getting juicy...it pisses me off to read what I'm reading and it effects every company on that list....it's a f'ing printing press they have going.....printing cash and a biblical magnitude of FTD's...those aren't flowers...those are Failure To Delivers....as in stocks being sold short without the delivery of the stock cert....in other words naked naked naked...
It's a secret.........
Interesting 8k.........
Heinricy is connnected to the top of the automotive food chain. I'm guessing there is a lot more to the story than we see.
Interesting also that the agreement with the Capital Campaigns group working the DC connections gets a 6 month extension. Could be that they only need a few more months to finish the job....?
On another note, the daily short activity from the link jonups produced has shown that roughly 30% to 40% of the daily Torvec shares traded in the last week have been sold short. Someone is trying to protect the paper profit from a short position taken long ago. This isnot a new short position. Someone is selling short in to the volume being created to keep the price from running. Today shows that 11,700 shares were sold short out of a total traded volume of 28,000........20100223|TOVC|11700|28434
They are adding alot of shares to the position which at some point TOVC shares will be in great demand and they get tipped upside down. Sulax, before you start saying I am blaming the shorts on where Torvec and the stock price are right now, I'm not ....I'm pointing out, once again, that this is happening right in front of our eyes and people don't know it...and then there are others that know it but dont want anyone else to be on to it...
Nice smoke screen...
The uncovered short position with a paper profit is being protected as the volume tries to run the price up. This is about shorting more to keep the price down and from cutting into the short position paper profit which was established when shares were sold short a long time ago....it's the equivalent of averaging in for the short...why is it happening, becuase greed kept them from covering the whole position thinking Torvec was not going to make it....now they have to protect whats left...
You know this answer db...
The shorts are having to throw shares at it to keep if from breaking through with volume to protect their uncovered position...any price rise cuts into their what I assume is a gain...they cant finish covering because the company has things happening causing volume spikes. They have to protect their gain....this isn't about spread, it's about keeping the price bracketed and hitting the message boards to trash anything and everything about the company...
...but you already knew that...
Ask whomever shorted the 18,000 yesterday.....
There are shorts on this forum....I know you weren't asking me but i'm volunteering an amswer.
DID SOMEONE SAY SHORTING...?
LOL......
Quite possibly............
The best post ever on this forum....touche' my friend....
Allnumbers....
You appear to be mis-interpretting the 30 HP application....
Per the filing....they are not testing for 30HP as you state...
They are utlizing a 30 HP electric motor for simulating loads that a constant velocity joint would be exposed to by a 30 HP electric motor utilizing approximately 750 ft. lbs. at 300 RPM in a 25 ton mining vehicle.
They are recreating the loads on the CVJ as they would exist in the 25 ton mining vehicle...
Have a nice weekend everyone...
Thats what I thought you would do...
Im as underwater as you are on Torvec...
Inside info...LOL...
What happened here is wrong....my opinion is shared by others....thats a fact.
allnumbers....
Google Torsen 2.......from what I have seen from the information i have pulled up, it is a Torsen 2....I dont have time to recreate the google search, but just wanted to let you know that Dino is accurate in his info...
And we end the day with a .....
230 share trade in between the spread at .71.....that was the 9th 230 share trade of the day...
This was by far the strangest day of tape action I have ever witnessed on Torvec....
oops never mind....some market maker just painted the tape after close with a .67 trade...more strangeness...
Now at 23 individual trades of 1730 shares each ......
As Dino alluded to earlier.....Whose buying it and where are the shares coming from.....? 141,000 today?
As of 3:00 EST....
118,000 shares of TOVC have traded.......all but 6,000 shares of that traded at the bid....yet the bid has inched up some not down like i would expect with that much being thrown at the bid...
Also, there have been 14 separate prints of 1730 shares each...
Now I just looked and it's 127,000 shares....now 129,000.....now 131,000.....now 132,900 and another print at 1730 shares
As I watch the tape action on TOVC trading....
.....I can't help but notice the odd multiple trades at 1730 shares and 230 shares and over the previous few days a number of trades at 1230 shares....these appear to be signal trades...IE market makers signaling each other.....I found the following info on market maker activities and thought some of you might find it interesting....
A market maker is not always trading with you and may trade against you creating a conflict of interest
A market maker can use hidden orders to avoid disclosing his real intention and to hide large volumes.
A market maker can use large fake order sizes to intimidate traders to run in the opposite direction. This is referred to as NITBB (no intention to buy bid) and NITSO (no intention to sell offer). For example if a market maker wants to run the stock down he will create a virtual institutional size ask putting fear in the traders that the stock is going down. The market maker will then fill his buys at the lower prices. The reverse may also be done.
A market maker may display a real size to show that liquidity is there to attract big interest
A market maker may use a fake order of a large size to hold the movement until he is done buying or selling his position.
A market maker can use his real identity or can hide behind an ECN (electronic communication network) depending on his intention. He can make an inside market on both sides and under different identities
Market makers may also trade back and forth among themselves, filling their own bids, creating a large decrease and spooking everyone who is uneducated into selling also.
The market maker (specialist) is granted various informational and trade execution advantages and has a lot of power. They can see everything. WHEN YOU ENTER A STOP LOSS ORDER THE MARKET MAKERS CAN SEE THEM! You may notice from time to time a stock hit a short term low and then move up again. Market makers will do everything in their power to hit the stop losses to build up more shares for their account if they believe the stock will rise again. A stop loss order becomes a market order when it is triggered. If the volume of the bids are low your stop loss will trigger a much lower sale price and bring the stock down with it (referred to as slippage).
Watching the trades go through you may sometimes notice very small executions. Some people believe those small numbers could be the market maker signals to each other...
100 I need shares.
200 I need shares badly, but do not take the stock down.
300 Take the price down so I can load shares
400 Keep trading it sideways.
500 Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.
Don't be manipulated by the manipulators! Buy on the dips, don’t get emotional, and pull your stops. If you must use stop losses be very careful. Buckle up and enjoy the ride. If you cannot stomach the ups and downs then buy a savings bond!"[i/]
"I called my brokerage house and was told I can't short Torvec."........
....which means that your broker either doesnot have access to borrow the shares to fill a short order, doesnot know where to go to borrow the shares to fill a short sale order, or doesnot make a market in the stock making it difficult for you to short the stock.....
...my broker either makes a market in the stock thus having inventory to loan out for short sale fills, or they know where to borrow the shares to execute the fill, or both.
...a site that I monitor which shows daily inventories of shares avilable to borrow for shortable stocks, including TOVC, shows that there are no TOVC shares available via that clearinghouse today. Over the last few weeks though, that number of TOVC shares avilable to borrow on that site ranged from zero to 55,000....
"This has been discussed before. I can't do another search today but I recollect you agreeing." .....
.....Yes it has been discussed here before...going back over the years you and I have discussed this very topic and many others with each other right here on this forum... and there was a time when TOVC was not able to be shorted by "an individual" per se, or at the very least it was more difficult to do unless an individual had access to a marketmaker/ broker /dealer to facilitate the transactions...
......"individuals can't short Torvec" ............
you are misinformed again....individuals can short Torvec. I can place an order right now to short TOVC and if my broker can borrow the shares or has a position in the stock, the trade will be executed.
You appear to be mis-informed on this topic....
I will say, you do seem to know your accounting rules....
Market makers manipulate stock prices all the time...that's what they do..... it's not illegal.
Knight is one of the more prominent MM's in the industry and they have been in Torvec for quite some time now. They are pros and have substantial capital liquidity available to them which enables them to control pricing on chosen small caps in the market, such as Torvec, in a variety of ways.
In Torvec, I've noticed them holding blocks on both the bid and ask, tightly narrowing or widening the spread. They can go short and long simultaneously thereby limiting their outward risk on a stock. They can build an eventual long position by slamming the bid and stair stepping the ask to the downside. They can utilize this effort to accumulate at much larger levels than would be ordinarily feasible without ramping up the price.
Why do they do this....because they can. and they are good at it. My hunch is that at some point an event will occur on Torvec that will turn them in to buyers of TOVC, to take a long position or cover a short, or both.
Now naked shorting ....that's illegal and yet it still goes on. You and I have talked about this many times before right here on this forum. I'm not interested in re-doing those discussions.
Hope this was helpful...
Have a nice weekend everyone
Yesterday....
46,000 shares trade mostly at or toward the ask end of the spread and it doesnt break 1.05...
Today only 1000 shares takes it back to 90 cents.....Knight again camped out on both the bid and ask
Knight Equity sitting on the ask all day....
...trying to keep a lid on the price as has been the case during the last year, ecspecially during volume days on TOVC, as if trying protect a short position paper gain...
LOL...
A $900,000 carrot....LOL Seriously............
A carrot.....LOL
Seriosly ......a carrot...LOL....that's a good one....made my day....
Several years ago.......
The Gleasman's put about a million bucks into Torvec....this recent 8k essentially has them doing it again. From my perpective, they have always worked on behalf of the shareholders, themselves being the largest of that group. We can sit here and questions strategies and decisions and wether we think they were right or wrong but it will never change the fact that they have always done it with the shareholders best interest in mind. I applaud them for that....if it weren't for the G's and the actions of the Torvec board or directors, this investment that we are so passionate about would have been stolen out from underneath some of the same longs who complain the loudest...some arenot longs actually....there are short positions in Torvec that exist at this very moment..that is fact...some of the shorts post here...
The bashing that continues here seems to escalate when the Torvec stock price and volume starts to get more active....just like it has for the recent few weeks....
I, for one, would like to thank the G's and the directors of Torvec for continuing to forge ahead on our behalf...there are alot of poeple who appreciate the fact that the company is still here and we look forward to seeing the happy ending.....
Sheriff.....
Heading to a meeting, can't explain now. have a good day....
I agree Dino..
I actually think it will get easier for them to rase capital, not harder....The company has had a capital issue for 10 years....they have always be able to fund what was needed...now, on the flip side, having a higher level of capital would have accelrated some of their projects I'm sure...the method which the company has used to fund projects via stock has actually been beneficial to the long term shareholders from dilution perspective....the venture capital guys would have wanted 80% of the company for 10,000,000 bucks several years ago...talk about dilution....
I am ok waiting out the process. I have my own theories on the RIT relationship....if I'm right, longs will be very happy...
I agree blue....
Interactive Trader had an inventory of....
35,000 TOVC shares available to borrow for shorting purposes a few days ago and that number available is now zero,suggesting that a short player sold those shares into the buying activity to keep the TOVC price form sneaking up over the last few days....crafty
On another note, I perceive a vast decline in the educational standards at Georgetown University.......
Knight Equity......
Has continued to camp out on the ask as they have for the last year or so....only one of the 12 trades so far today was at the bid...the other 11 were at the ask including a block of 8000 and the ask doesn't budge...
Nzed....
.....you can't expect much more from the guy about Torvec...his ihub profile still says "dabreeze21 is...waiting for Torvec to go belly up"..........