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Beginning to think how this trades in Athens is meaningless at this time. How many foreign investors do you believe are pouring money into that market? Slim to non.... Local investors are so tied with restraints I can't see anyone with enough money or available funds to make significant new investments. Looking at the volume traded since there reopen, only the first days of open with sell offs had volume. Today and Friday was just dreadful in avg volume daily, monthly. It's just puzzling, this whole stock. Right now 647am eastern on level 2 and NYSE open book. Have it at .8107x.8497 with all kinds of volume to the downside. Friday it rushes up at close with good news, good news over weekend, now early Monday its sinking??? What am I missing? Friday after hours was trading at .87 after hours all the night....now this pre market? Ready to deposit money and buy these shares ...
Up 5% premarket Athens, 60 to 65 gap already early premarket Athens.... Feel better now about today, never know with NBG, I've learned threw logic out the door here until everything is staplized in talks. Makes me believe the 1.20, a lot of long term holders need to sort of recoup might happen a lot faster then I thought.
This news is good. Merkel expects IMF to participate,
http://www.theguardian.com/business/2015/Aug/16/Greece-bailout-deal-angela-merkel-expects-imf-involvement
IMF involvement will cause the pps to at least make it to 1.50, by end of year. Think tmrw and Tuesday still might be rough days until Germanys vote on Wednesday. Which is all but a cinch. Since like Greece the opposition is in favor of yes, so even if Merkel loses support by her own party, like last vote, it will pass Wednesday without a doubt.
If the pps drops on Monday I would be shocked to say the least. Now I've learned after today that nothing is off the table on this ticker, but as I look back on the ticker since June 1st...There where very little spikes like that intraday that was followed by a down day. Now, I doupt anyone here really cares about down days or up days since most here are averaged down and need a damn hurricane to hit the pps. But, whoever sent the first wave of buys in to send this from .80 to .85 must have had knowledge very few do. Wasnt like the first wave just read the ap wire faster then anyone else. Also going off that assumption you would think,,,I repeat think would know wheather NBG common shareholders would feel anymore affect from the bailiout. Plus with this many shorts out on this stock its insane. 6/29 was 8.4mill, 7/15 was 15mill, 7/31 was 20mill. We should see the next report before Monday. But with that being said, what is there avg pps on the short the 12mill that are new this month? Anything sending this upward has to force those 12mill to cover. I mean just going to .91 would force them to cover I would think
If you look at the tape, there was huge buys at .855, .86, .861 all over 100k blocks. Trading at .864x.87 now in after hours
I do believe if this thing can pick up steam it will run heavy for a good amount of time cause the 100dayma on 30 min chart is .8141 and the 200dayma is .8445. They should cross and that will pick up on everyday trader and swing trader scans. That will just add to upside pressure. That will take till at least Tuesday, think it will happen on Wednesday session the cross
I here ya Ive been and out, and back in and out a million times, only down a tny bit, thank god for some swing trades earlier. But I agree this just does the total opposite of what you think. Fooled me today good thou, bought heavy yesterday before the bell and gave up on it this morning, but back in heavy at .84....
Can someone explain to me why this would pop on that? and not on the vote last night? I mean was there any doupt that they would approve it?? Everything I read before the vote last night, said it was a clear EU approval after the greek approval. Just make no sense to pop now. I know this was the most heavily shorted stock in the past 15 days I believe I read that this morning. Could this just be shorts covering cause there really isn't that much volume coming in.
Hard to believe but they are nose diving , down 5% lol only NBG
Well they got 118 of the 120 needed from there party. The finance minster who voted no, agreed to step down to gain a another vote to keep the party in power. So that's 119, in the vote of confidence you need 120, he's only one short. He called for a vote of confidence which means two things to me, he knows he can get 120, or he's sick of the bs and wants a snap election to get the hell out of there
Guess July 7th it didn't bounce on the vote and open at 1.20
Pass Pass Pass!!! Thank god. Plus on the 30 min chart daily,gonna have a golden cross , 100 day is gonna pass the 200 day mma. Not as important as the daily chart but still should see a good bounce here.
68 yes, 21 no and 2 no vote so far looking like a lock
Hearing a lot of "neand" votes which I believe is yes, if my Greek is right
Roll call for mp vote is done. The finance minister is gonna vote no, but will resign if passed so the governing party will have the min 120 needed to stay in power. TV station there sounds confident like its a lock, but I'm worried. Should have vote count any min
Working Link Here to Live Vote!!!!
http://live24.gr/webtv/kontrachannel/
Anyone with a Greek link to parliament TV? I know before on a vote someone had a link? Its getting close to vote time as of 4min ago according to the Guardian..
Yes I said they "NEED" to, but it was based on the sentence in those post before that. By myself asking when you look at the short reports daily. You see the short volume and the buy volume then there is days to cover....which changes from day to day on the one I saw from 1.0 up to 1.68. Since this is a pinkOTC I was wondering if that ment that they need to cover and then reshort all over again. I haven't been trading that long, and really don't touch OTC stuff that much. The responses I first got was all about shorting which I know what it is and how it works on listed stocks, but was wondering if penny OTC stocks where different maybe. Was only a ?? No need to jump down throats,
I asked this earlier, but wasnt sure if some knew what I ment or if I explained it right. I know what short volume is, I know what basically the basics of it. My question was, the one thing shorts need is volume. The volume today was a crawl. Now looking at the short volume the past three sessions are 4.7,3.7,2.45 mill each day. The formula for days to cover is days to cover=current short interest/avg daily volume. So with the light volume today. There is a ton of short volume that needs to cover tmrw. Now they can just reshort it, which is the concept but they need volume. Today's short must cover tmrw, along with Wednesday. So with light volume tmrw could be a good day. But expect volutailty cause they could drive it down early to give them time to cover. If someone with great knowledge could confirm this or post what days to cover means. OTC I know is not like other markets and doesn't allow to carry short position a long time
I'm not shorting it, I'm long been in since .81, just was wondering cause I thought that most brokers will not allow you to sit and hold a short position on otc. They have, 1.10 and 1.83 on days to cover, on last two days of overall short volume. Because I'm trying to decide whether to sell my postion, and buy NBG to sit on overnight and catch the approval of Greece bounce and sell it in morning and reenter here again.
OK that I understand. But usually penny stocks or any which have heavy short volume for weeks, if volume slows it's usually a death trap for them
Anyone know what the time frame is for shorts to cover? Not sure myself on OTC. I believe its two days. Reasoning being is with this light volume, you had 3.8 mil in volume on tues , and 2.4 mill in volume on Wednesdays of short. As long as this volume is this low, they are gonna be hard pressed to cover and reshort tmrw with the volume today. Could be a nice Friday
Lets just be thankful, we got news on the day we are oversold and the chart on technical is screaming buy!!!! So if not anything, that in itself will be great, cause I a down day would have destroyed the chart and this would have been a sinking missile. Already trending up in pre-market level 2...Would be a great day if it could run to 1.3
Correct me if I'm wrong but isn't anavex plus the one with the patient issue??
Such panic here....you would think this is down the past two months by some of the post here. Anyone ever hear of a pullback before the next leg up? Following the same pullback as before the last leg up. Chart still looks great, screaming, I mean screaming on every technical of a chart its a green day. I guess around 415pm this will be flooded with the posts saying tomorrow $2 by end of day. Lol. Charts don't lie, green green day.
What prediction? What was so hard to predict here? They are gonna get the bailout by Aug 20th, what poker hand did he lose out on? There first offer was the same as the one he agreed to. Only he turned it down hoping it would get better. Which it didn't. But I don't exactly know what things you are referring to that he turned down , that where later agreed to this time at a lower level. Please post what they where before and what they are now?? I'm interested.
I really would like to know why the charge so much for a ADR trade. I'm sure if I searched it on there site I would find it, just lazy right now. But let's say you invest a grand , on a dollar stock, that means you must make a 10% gain from the start to be even. Just un justifiable to me. Its like a going to a loan shark for a loan. Charging us 2 points extra vig on top. Lol.
I was shocked at the open price of .71. Really after watching end of day action on Monday had huge support at .85. Even on the Athens exchange it opened at .60 I believe and bounced up for a good hour or two up to .65 and then had some more down action that got it halted. But it was within inches at open of a halt and kinda bounced. Which I would think means that they're done selling this one of. Otherwise this would have went straight to halt at open. But I've been so wrong on this one Who knows. I'm in at .94 with 20k shares. But I've made a good amount back I lost the prior to sessions swinging it at .85 to .89. Today got in at .74 and ran at .80 so those all help. But in no way am I worried, this was a year investment position I looked at it from the start. Today's news seems good. What I hate is Scottrade trade fees on a adr, freaking 40bucks every buy and sell. Thieves they are.
SNGX has a average volume of 200k shares per day. Where AVXL prior to any of the recent news was at 2mill a day average volume. Huge difference! Very hard to judge this stock by the normal otc . Reason being, they are developing a drug not some space rocket or whatever crazy news that comes out of 60% of these OTC stocks that sell warrants into news. Myself was lucky to find the first news article and got in at .82 on that Friday before the aussy article on the weekend came out. Feel extremely lucky to have come across this stock early. Only two things can cause this to go downward in the near future, one would be bad news on the final release of phase 2( which I doupt) That leaves only the financing of phase 3, which they haven't flooded any warrant's yet, so I can't see them doing that now, think that would have been done last week. From what I've read from long term holers is there seeking a active partner to help fiance phase 3. That's the only issue here ,
Why havent you guys been swing trading this to get some of your money back. Such obvious entry and exit points. I do think that you guys will get back even thou. Guess I'm lucky I just jumped in the water the past two weeks. Hate seeing all these late unreported trades and earlier ct trades get reported after hours making it look like its selling off after hours
The first article broke by the Guardian stating that things had turned extremely optimistic, that a deal was highly likely before the 20th and possibility by end of week. That picked up volume, then about two mins later Reuters report that stated that a deal was close possibility by tmrw before open. Which made that huge volume come in and it went from 77-78 level to 81-82 very fast. Which then came the real Reuters article basically backing up what the guardian had said that a deal was highly likely before the 20th and things had turned peachy. All that happened with the fed comment of raising it in the near future which raised the u.s. treasury's up. Obviously this has little to do with NBG but I think it might have helped with overall fincial sector picking up around 230 with that comment.
Rumors are swirling that agreement is done, could be done by latest at open tmrw. As the it explodes upward. Hello
Who owns the other 50% of WPFH? Lookhu owns half and the other ownership can be retraced back like so, lookhu buys Crown City Pictures 51% stake and forms WPFH leaving the other 50% stake to Crown City Pictures but who are they? Crown city pictures where formed from American Post Tension Inc. Who owns American Post Tension Inc??? Ding ding ding Leaddog Capital Hedge Fund... Mr Messalas was the 100% owner of Leaddog Capital Hedge Fund until he gave 40 % to Mr Larocco who was Senior manager at Leaddog Capital. So these two gentlemen are the other 50% owner. Who are these two gentlemen? Well lets just say from 2007 to 2009 they where charged as a ponzi scheme as they purchased multiple penny stocks and drove them under. It gets even better who was Leaddog Capital Hedge Fund doing business with ??? Well the Wolf of Wall Street ...now do you get the angle of celebrity owners?? Pretty easy after you make a movie. Looks like this is one of his "ratholes" as he would say. All this info is found on past SEC filings and court cases which is public knowledge. Sec filing administrative proceeding 3-14623 USA and SEC vs Leaddog Markets, Leaddog Capital , Chris Messalas, Joseph Larocco... Now let's see if the two board members post real quick to each other to bury this info. Will post after the bell a lot more info. But all is out there to find . Just Google and read SEC filings.
Does anyone here gamble? Does anyone here play poker live or have played online before? Think a majority of people should do some dd on NJ online poker and Delaware Poker and Nevada Poker. Three states that have online poker. Which has been a huge failure till date. If the license didn't have online casino besides from poker many would have shut down already. For those who don't understand why I'll explain. Due to federal wire law, the pool of players is exclusively to the state itself who has it. You can't have merged States, thus causing tournaments with very few people. Very few mid level cash games and absolutely no high or max cash games at all. Not like 7 years ago before black Friday. Those company's had the leizure of not only having the whole us inside there sites but also international. WSOP in New Jersey has never had a profitable month to date. Average player pool online playing cash and tournaments is 85. Yes California has a much larger population then NJ. But the fact of how the wire law is written there can't be merged states playing this together. Now take into affect whatever amount of people you might guess play. Divided by how many operating sites?? Won't be profitable unless they only allow 2 or 3 licenses for the whole state. Let's say they do that, do you think they could outbid or even outsell themselves to that state over other companys?? Anyone who honestly thinks about this how on earth can they make money? Or even get into the market to begin with really. It's like the writing is on the wall here and no one wants to realize it. You have a board where the moderator has only posted on this board and 1 other board. Of which 98% where on this, dating back to its inception. You have a November vote. A ton of shares on the side that can be introduced in a second. You have celebrity's giving them press, nothing that's solid business wise. Its clear, that come November this will be pumped to run and diluted to .00001. Bob Hope has more of a shot then this company and we all know what hope he has. Can anyone here come up with a estimate of what future income they might have. No numbers thrown out of a hat, based on what they would make per rake by what other States already have made the norm. 3cent rake on hands. WSOP has lost money every month in NJ , they can afford to cause they're in it for the hope it gets legalized nationally. Would really like to here some numbers based on what everyone knows what they would make per hand with no rake, per hand with rake, and per sit and go based on norm, won't mention multi table since there is no profit on that.
IMPORTANT READ ALERT Does anyone really believe that this company is legit? Some thoughts, if they stake a poker player, that poker player would in return have to claim the true amount of gambling winnings on taxes and not deduct the amount of gambling winnings against losses. Which is what they do. About the online poker, how on earth are they going to compete financially with major casinos domestic and foreign over licensing? How would they win the rights to a license for online gambling against established companies who have shown a ability to operate in prior states or foreign countries? How would they even get a license with there background check done by whatever stare issuing the license? Hmm what do I mean? What am I getting at? Some food for thought....they claim to be in the stages of starting a TV show or are right ?? Well here is where they left themselves to be exposed. Cause how was this company before the world poker funding or whatever silly name they go by? Crown city Pictures. Now when you read about some of Crown City Pictures former owners, lawyers, past employees..you will see what past dealings they have had. They are the definition of a penny stock scam. A company with a niche idea, that in its own will find attention. A company that says all these great things they can and will do only to setup in the future a move of news to dump shares. You can tell by the float , authorized shares and by shares authorized but not issued yet. Won't happen soon, but within five months it will. Writing is on the wall. Here is some links about who they were before and what they have done in the past with those companies. As you read you will see that all these parts come together about there past and how it sets up the future. I will post a lot more great detail in the next couple days about really who they are and how it's laughable about what they are claiming. Also, about those Hollywood stars owning shares. Who wouldn't take a free million shares right? That's only a free news source.
Here is the link about Crown City Pictures and there past
HTTP://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapld=136810049
HTTP://investorshub.advfn.com/boards/read_msg.aspx?message_id=86935016
Please don't attack me, I'm just trying to alert people about there hustle.
Afterhours trading really won't affect the .85 bottom on charts. With it being after hours also, instead of premarket also means a lot. Could have been a T trade from earlier, depends on the volume of the move down. Sure the guy with 1.1mil bid isn't leaving overnight. To me, its being kept in a pocket of .85 to .90. Been a day trade of a lifetime the past couple days. Absolutely no way is this being sold off tmrw like some like to think. For one, the selling in the ASX won't have that much more pressure tmrw. No foreign investment is selling, nor can any local investment logically sell off tmrw. I understand the 30% halt some are saying that it would have went lower today. But if that's the case why did the ASX bounce off the lows very early after the open? Yes more then half where under halt, but why didn't the others face pressure throughout the day if there was going to be continuous sell off? Also take into account the 1.1mill bid at .85 all day, that's no normal money. That's either a insider, or a major instutional looking to enter. Based off the bids and asks on level 2 and NYSE open book its clearly being held in this current pocket off .85 to .90 until there are news on the bailout. Negative or postive either way.
Gotta believe that .85 is the bottom that someone is defending hard, had a 1.1mil share bid on level 2 the past hour at .85 from GETC. As long as it has that defender the charts bottom will stand.
Really? Greek stock market crashes?? lol I guess you where on Pluto the past week. Everyone knew it was gonna open 30% down, due to the price of the adr that have been trading. The fact that it was 30% and currently at 17% is a great sign. Might be better off than I thought it was. So what you think that NBG is gonna open at .70....They've been priced in to that 30% last week. In fact they might open positive. They're currently at .86 take into affect the euro is stronger that's a green open. If it continues to get buying pressure in the ASX could be a nice day. Just dont get the big bod GREEK STOCK MARKET crashes.. lolz what did you think was gonna happen after 40 days off?? They would just forget about all the decline it value that happened and open up like nothing took place.
NBG holding strong, currently at .84 on Athens exchange , take into account euro/us and you have the PPS at .90 give or take a penny. There pps was priced in before the market opened. Enough of the nonsense about delisting also. All they have to do is get above a dollar pps. They are at the total floor right now, and there at .90. Aug 20th they will clear a dollar easy. This was and still is the chance of a lifetime entry point. Mine is .93, absolutely no way in god would they have ever let them default. By February, looking at 2.00 to 2.40 easy here.
So much fear hear it's insane. Does anyone realize that this is stock is already priced in for tomorrow? It already reflects a pps of what it would be if there was no halt in Greece a month ago. What sense would it make for the pps to open and close as it did on Friday knowing that Monday the Greek stock market was reopening. What under god's green earth would cause the pps to rise on Friday knowing what was in the future on Monday if in fact it was gonna take a huge hit at the Opening Monday. Why would the share pps not already be priced in? Was there gonna be a act of god over the weekend and wipe out all there dept?? No !!! For weeks over the halt this traded as if it would have if there was no halt. Can't believe something's I read here. Just some of the stuff I read here lacks so much common sense. Just ask yourself this, why would anyone with a brain hold this stock on Monday knowing a Greek correction was coming for sure if it was gonna get cut by a third?? It already has over the past month. 30% to 15% correction, the pps in early July was 1.20, 30% of that is .36; to give you a pps of 84, which has already hit NBG adr. Now the other stocks on the GREEK EXCHANGE have not gone thru this, those those should expect that.