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Sorry Charlie. Gotta call you out. You post concerns you came across on a Yahoo Message Board? Something that was just posted a little less than 2 days ago? That's put forth here as DD? I have to question your intentions considering the last time you posted before your vaca, if was to tout another stock here on this board while mentioning that you are temporarily out of AVTI
That said, you cant release a PR citing reputable companies without statement being accurate and not have any of those retail outlets call Gelman out. It's easy enough to call any of them and verify they have shipments expected. DD was done and statement indicates shoes to ship to store between Aug. 30 and Sept. 15th. Why would you post no one can find these shoes anywhere? Industry new-site also carried the news of the JV and current events involving Johnnie Shoes. No mention made of Gelman as a scammer. Interesting.
Lastly, the other two companies Gelman is heavily involved in are still operating and has been for some time One has 350+ employees and recently posted a 'net gain'.
Investors should always make note of the inherent risks in any investment. Your comments and post is REALLY interesting, but thanks for helping get AVTI back up amongst the Top 15!!!
SWEET! Got some 8's. Was surprised how fast the order filled though. Not complaining!
I did give that some thought as well. The pps there seems to have had it's moments. Aside from what the pps there has done though, of note is the fact that they employ 20 people and has been in existence for the past 20 years. He's also listed as the CFO of another entity that employs over 350 people.
The markets control pps. AVTI is a separate entity and appears to be emerging as an ICGE type (i.e- incubator) for those of you old enough to recall the glory days of the internet boom.
No significant overhead needed, no significant number of staff...AVTI is mostly about returns on capital invested to get promising businesses going. Based on that last PR, this is only the beginning.
Though anything can happen (of course), the fact that there wasn't a significant number of sells following each downtick from .001 to .0009 to .0008 reflects that most are holding at this point. this is the level we needed to reach before we can begin moving up again. I'm still holding strong. Though I gave up some SWEET gains, I haven't sold a single share...adding with any pullback that coincides with my account funding abilities.
The thing to make note of here is that the volume / selling appears to have come to a halt. Thankfully, the panicked are either gone, or have come to term with the fact their profits will not be made with a 'quick trade'. I feel badly for those who dumped @ .0008. Any significant selling at this point would be MM shorting, though I don't know why they would decide on such an action. The retrace gave them what they needed and shares shorted here will likely be covered at a lost if any news / significant buying.
IMO, this is the point where you accumulate significant numbers of shares and wait for the next run. We already know that in 2-4 weeks, there will be more news. The extent of that news in unknown, but we'll likely not be at this level when that occurs.
I like IrishLad's statement about long's losing their perspective. Let me help with that a bit. AVTI is up 350% during the past 3 months...80% in the past 30 days of trading. I haven't seen those returns in the overall markets since pre-naked-shorting phenom.
PPS can go up tomorrow. All people have to do is STOP SELLING!!!. It's self-perpetuating.
Does having the news posted here make this any more believable?
http://www.fibre2fashion.com/news/leathers-news/newsdetails.aspx?news_id=89543
Same news but on an 'industry site'. I'm a bit surprised at the 'nay-sayers'. CEO's credentials should speak for itself.
I would think their last PR would have gotten them in trouble with the SEC as well as brought a ton of heat down on them for their stated sales channels. You can't just name-drop 'Nordstroms' and get away with it.
Stone...curious where that predictions come from. It is plausible, but that .0012 paint you were waiting for would not have made the difference. We had the close painted of Friday and look where we ended up. Personally, I like the bounce that came in toward the end of the day and took the ask back up to .0013. That's 33%.
The problem with AVTI right now is that people are their own worst enemy. They sell at the bottom and allow pps to drift down even further...then they chase the stock when it starts to rally. It's a difficult and costly lesson for most, but one has to train themselves to do the reverse....sell when sentiment is high and during the rally and save some cash for days like today. Some wise fellow got him(her) self a ton of cheapies today at .001 and .0011. I'm going to be staying in that boat and ride the next wave up with that (those) fellas.
Hey Irish. Glad you are still here. I don't know why people expect to make 'gold' over night and dump before their trade even settles. It's one thing to get in for the trade, but if someone gets in because the DD looks good and nothing has changed but pps, it's interesting to see the psychology behind the dumping when the smart thing to do would be to use this opportunity to average down.
Either way, I can only dictate what I will do...sent some additional funds to my account and plan on supporting that .0011 bottom line. If I get filled...great. If not, that means we go up.
I did like that .0013's came back up at around 2:45. It didn't get hit, but that was what...a 33% bounce off that .001?
I'm in for the ride, however long that takes for me to reach my objective.
not quite all the stocks out here. The are one or two that are 'on track' to deliver something tangible to shareholders while not diluting. Just have to scratch the surface a bit to find them.
Store will have them between Aug. 30th and Sept. 15th. You have to read the news release. None of the store have them yet. That's also the reason Overstock is sold out of them..,That's what 'in production' means....they are 'being produced!!!
Rave reviews for Crush:
http://www.yelp.com/biz/crush-oakland
Looks like the initial focus will be to supply West-coast boutiques. Lots of potential. Start west where distribution is cheaper. If successful, move East! There's a whole big market open to these products.
The celebrity status / connections of Scoob will certainly be a plus. He can use these connections via 'social networking' to help communicate the brand without the typical associated costs of celebrity support!!!
Only 2 stores is actually a plus. If you saturate a retail market with 'high end' fashion, you turn it into a commodity rather than a novelty that can demand higher prices. This is how you market to celebrities and turn a product into 'the thing to have'. Grow it 'grass roots' in the high end market then slowly take it to more 'main stream' outlets.
The best thing us longs can do is probably go out and buy a pair of shoes. When the women's line is released, the men out here can seem like we're 'in the know' and ahead of the trends by buying your lady something from the women's product line. It will help the brand and give you a sense of whether this is something headed for bigger success (the feedback that is). Isn't the saying 'buy into the companies whose products you like'?
Traders, MM's and profit-takers....all helping to maintain liquidity, which is never a bad thing. After Thursday's PR, the writing seems to be on the wall. As share structure is easy to confirm, you combine this with the recent news, and you might very well be seeing the next stock to have it's shares locked down.
Someone correct me if I am wrong, MM's can only have 165% of the float short in order to maintain liquidity? If true, in light of CopyTech's most, wouldn't they be nearing the point where covering would be imminent? Or would that be one of the 'urban legends' out here in the land of trading?
Hey TB, that PR is better than 90% of the news releases out here in Penny Land. The things to take from that which I feel are important are as follows:
1. Products will be marketed as 'high-end' items. This means margins will be great (as production is occurring in Mexico). The other implication is 'high-end' tends to be recession-proof.
2. Distribution channels are not exclusive...and expanding. I'm sure I don't need to explain here.
3. Orders for preliminary run are almost sold out....speaks to demand. COE previously informed one of our board members this was for 'first month's production run'
4. Business model = business incubator. Brilliant considering traditional lenders aren't lending. Speaks to COE's insights as he moves to 'fill a funding gap' created my the current state of the markets. He's also likely to get great terms as a result of tight lending environment.
This PR also couldn't have been timed better. It reaffirms what has been circulating as 'rumor' previously. Facts (transparency) was provided in the form of retail outlet identification. Though this last point may not have been the intention of the PR, the result was that support provided to pps during a critical time. Thankfully, it also allows many who got in much higher to get a better cost-average.
Interestingly, the point that seems to be getting lost on people is that, generally, you buy the rumor and sell the news. Though there was some selling into the news, we still ended higher and did not give up all the gains during what is normally a pullback day.
Personally, I know that history will repeat itself. It took a little over 5 trading days after the initial June PR for the news to sink into the markets. After it did, we saw 300% gains made within 3-4 days. Look for more buying in anticipation of news production is completed for initial run and stores have received their inventory.
If you think AVTI can produce 400% gains since end of June on Johnny Famous news alone, I can't imaging what's to come when other JV announcements are added to this mix. I'm holding for what should prove to be a 'fabulous' ride between now and the end of the year.
I'm considering myself to be one of the first to aid in the effort to 'lock down' these shares while enjoying the ride it will bring.
GLTA with the patience and foresight the CEO seems to have!!!
Aside from wanting to naturally be optimistic with AVTI, one should take note that PPS closed a tic below the next point of resistance...18's. If we blow past that in the AM and it appears those 18's will be holding, we're on our way back to 25, then 32 and lastly, back to 52 week high.
Though I don't think we'll reach the 30's today, but we should see a close at / around .25 if volume comes in in the AM and we exceed yesterday's HOD. Taking those 18's out is the start.
GLTA
Tell me about it. IMO, the MM's weren't finished accumulating shares. They closed this at LOD each day this week and continued to force it down. The PR did help, but you also had the pressure of selling from those who may have bought in the 3's, averaged down and not are out with some gains or small(er) losses> All things considered, this was a good...and important day.
I don't necessarily believe the volatility is gone, but this week did help clear the channels of some who just wanted out and some of the traders where were working on a quick buck. Don't be too surprised if tomorrow's pps gains surpasses today's. I repeat, today's PR was significant in the greater scheme of things....perhaps in more ways than would be evident right at this moment.
Note the close a tic below current resistance (.0018), former support level. Just the opposite of what is likely when this closes at LOD. Lets hope broader markets pull back and new money sees this morning's PR.
SWEET!!!!!
That's all I have to say about that. Actually, this is the PR that is needed to ensure some concerns are put to rest and the rumor mill can stop aiding those not interested in a continued rise in pps. Now, people will have to do their own DD. Go into the stores identified and verify for one's-self if there's ongoing doubt regarding the Johnnie JV.
More importantly is what was added to the PR, which may have been unexpected for most here....their 'confirmation' that AVTI will be functioning as an incubator / angel investor. This is the way to get a piece of that action. A month from now, my hope is that people will be saying, 'I cant believe this once traded at .0017 or .0038 or anywhere near sub-pennyland.
Congrats to all who held and averaged down by getting some cheapies in the 12 ans 13 area.
Heading out for drinks with the Mrs. See all later!!!
Hey IC,
Thanks for your comments in your previous response to me. I agree, if buying occurs in concert, we go green today. There is an added level of support current longs can still provide this AM...that is to not be 'gamed' by the games the MM's play. Yesterday and Tuesday, they purposely down-ticked this and took pps to LOD to create ongoing 'emotional selling'. The fear factor at onset of trading will get some (unfortunately). In addition to those of you buying as a group, those with positions here need to 'hold strong' as a group as well. The first bounce from 's to 20's occurred when it was clear selling had dried up....despite the pullback into penny-land, no one was selling.
May this prove to be a better day for us all.
GLTA
Off to the office now! See everyone in the PM.
Is there really a better play with a comparable share structure and an actual product being brought onto the market? Considering the pullback, would the downside risks lie with this play or the play that is up 85% today?
How many times haven't I said 'damn, I wish I had seen that that baby before it started to run.'? I watched Y*CW pull back all the way down to a dime and said 'the shorts got this one.' Didn't touch it....Only to see it run above .40 as August began. These are the times you average down if you truly believe AVTI is going places. Think strategic...not panic. Easier said than done, but it does yield rewards. Even if some have to be given back periodically....lol
Very well put IC. If you may, I'd like to add to that. AVTI as a play is only a month old. IMO, there is much money yet to be made.
The MM's are the only ones who can short at these levels. If their accumulation is not yet done and they decide to take this lower, IMO, this may be dead for the time being. Recognizing that, my hope is that they keep this in play and keep that current support-line intact. There is 'an opportunity' here for a group to lock down the float at this point, while contributing to an improved chart and reaffirming the current support line. Hopefully the AM will begin with some serious buying pressure. So doing, the longs keep this in play and build out a strong base at .0012.
If we do affirm 12 as the new bottom, I think AVTI can revisit the 52-week high, with or without more immediate clarity from CEO.
The only positive spin I can put on today / this week is through contrarian eyes. When sentiment is high, sell and when it is in the gutter, buy. Today was a tough one, following on yesterday's pullback. Let's hope for the best tomorrow.
Actually, just to chime in...what Charbies did was provide his charts. The charts were dead-on every time. He wasn't a 'pumper' of the stock. Like the rest of us, longs here, why would you not get excited about 100, 200 and 500% gains in a couple weeks? He was also candid when he left. He shared that with the board when this was still at 28's or so.
What I am more annoyed by is the quite nature of the CEO post-JV announcement. In between his twi trips, there could have been some clarity provided to his plans. Sometimes what one doesn't say can be just as unsettling than what is said.
GLTA....I'm still here!
Not so unusual when people are upset that they 'missed this one' and are trying to bring the pps down a bit. Share structure, ongoing volume and production of shoes enough to carry this one despite the rantings of the 'Penny Promoters' WHat they posted re: AVTI applies to 98% of the pennies...not just AVTI. One has to wonder what their motives are.
AVTI was actually starting to move up, but one cannot control the decision of another who decides to dump 6 mil onto the markets when most have 'packed it in for the day.' I'm hopeful the buying at these levels will continue tomorrow.
Let's not lose perspective...AVTI is up 750% in the past month and week-over-week, has only pulled back 15%. Mark my words...this is going higher.
GLTA.
Hey Irish. Welcome...I think...lol. When trading, set a target to buy and stagger so you are able to average down. Set an 'exit' as well. Some who have been in since the triple zero's may have left, but most did not get in at those levels, so they are either leaving with a loss, holding (and perhaps panicking) or averaging down. I wish White Cobra well, but these fluctuations were not made for him...not made for many, but he is relatively new and chased the stock up while selling on the pullbacks. That's a losing equation any day of the week.
Speaking of week, keep in mind that it was just 4 trading days ago that this was at a 52-week high. Expecting huge gains (or taking huge losses) within such a tight timeframe is tantamount to gambling. Pennies are not the place for that as you can lose your shirt. Volume continues to look good. It is not dwindling despite the fluctuations. With a 50% retrace from highs on very good daily volume, this (IMO) is a great entry point.
A couple weeks back, one of the longs (no longer here) 'dumped' a sizable amount of shares after this ran to .0012. The stock actually hit .0004 before making new highs and running to the 20's....it pulled back and ran into the 30's.Full disclosure, I'm still here and I got in when it was trading in the triple-zeros, so some of us did not jump ship and have seen these moves before.
Lastly, the above is not specific to you, but I'm sure there are many like White Cobra ready to take a loss as well as many who have been watching this and remain at the sidelines.
Good luck to you (and al others) regardless of what decision you end up making.
Sorry...forgot to add....lots of accumulation occurred at the 25's as well...those buyers might be looking to average down and take advantage of these cheapies.
I'm inclined to disagree. 18's have been a rock solid resistance point to the down side. This is also the area where AVTI continues to receive significant accumulation. If there is a 'shop' or group looking to lock down the shares, it appears this is the area they have decided to support. I'm down much further with my cost-average, but I'm in the 'supporting the 18's' camp. I'll buy higher in little chunk when I have some powder, but these 18's are the point that results in my making funds available for significant buys.
That's just me. Markets have a way of proving all of us wrong from time to time.
Looks like we've found our bottom for today....and hopefully going forward. Bid support on the 18's I guess recognize we hit a full 50% correction from 52wk highs and new LOD did not generate a significant amount of selling.
Interesting...
Someone just moved off that 21 bid. I hope they are about to go and slap that ask!!!
MM's are probing for available shares. Look at that spread they are opening up. Thankfully, they are not getting any responses from sellers. Notice how .0019 didn't last long and there was no real impact on the volume. I'd say their 65% excess short positions are about t be covered before days end...provided we get some buying pressure.
If anyone is sitting on the sidelines, today (now actually) would be the time to buy. All the elements of that next run appear in place. This is exactly what happened when the stock ran from .0007 to .0018. I sat with some funds and watched the paint dry only to see begin it's next leg.
That was me....I think. Looking at today's volume at the opening, the broader market pullback this morning and the current charts, we go green big!!! By 10:30, I'm hoping for 27 - 28 to be up with a dash above 30 by 1AM.
Agreed. In the past 10 trading days, AVTI's traded over 100mil shares 7 of the past 10 trading days. On one of those days, they traded 230mil. With a float of approx. 600 mil, how long do people think it will take before this is completely locked down?
http://investorshub.advfn.com/uimage/uploads/2010/6/27/vesxiFloatLockFull.jpg
Now that's what I am talking about. Hold steady longs. We're almost there. Just count those cards and hold tight!
Had a gut feeling today might go the way it did. Though the pennies don't follow the overall markets, the fact that futures were up 12 in the pre left me wondering whether 'new money' would get diverted elsewhere for the time being. Seems some of it did. As a result, some of the impatient are gone while some were able to get a better position and create a stronger hand.
Personally, I would rather pps be subdued and / or ever close slightly lower, leaving a thin wall on the ask for the open on the next trading day. Typically leads to a bigger percentage pop. The slow, drying paint today was a great way to get some of the unwanted baggage out chasing some of the exchange plays and plays that are running while we consolidate.
No worries, I'll be here for the slow days as well as the rock-n-roll days!!!
Considering today's marginal pullback and slight run into the close, if broader markets look to be selling off tomorrow, we should get our next rally (IMO). Regardless of what the broader markets do however, we should see green tomorrow. The only question will be how much.
Oh, one last point. That MM's tried that 'gap at the ope' thing Friday before last. They were able to do 'substantial tree shaking'. Doesn't look like they got any chasers or sellers today....so, looks like no more substantial gains to be made for them in the 20's.
That a boy WC. Good move. It will help settle a nervous stomach when you are able to average down. Always average down unless the stocks technicals are clearly broken. I almost couldn't believe when I was able to get some 17's after it hit 33. My 17's are in strong hands and lived to see 38's. If possible, buy on those dips and free up a small portion of dry powder on the runs.
GLTA. Could hardly wait to see what this week brings us.
Hey DBS. I've been here since .0007. I have made 1 - 2 buys each week including this week. I still think this is a steal if the company does execute on bringing those shoes into production. I don't even care about Neiman Marcus or Macy's. Do you know how long I've had Ben Sherman's stuff before they even made it to Macy's? In fact, most high-end buyers know the good stuff exists in the many boutiques in SOHO and now (some emerging) on Broaday in the Village area.
The company hasn't released any PR's since their JV announcement, but I noticed that since I took my initial purchase, the number of products on the site has doubled. The site did not have thos e 'Sharks' displayed and did not have the retro-modern looking Aero's. I'm still wating for someone to let me know that I am not losing my mind and confirm that those as well as a couple of the other were not there when this stock first began to 'rock'. If my observation is accurate, I would hope (and assume) that these are the sytles that they have put into production. We'll see. Until then, the technicals and the volume + directional movement leaves me content there are more profits to come. My best hope is that we see a cent before we actually get a PR. Keep an eye on volume. This might be the only hint we will get. That's another reasoin whY i am owndering about Friday's volume (very good) and green close. PR imminent? We'll see.
.0022 would have been the bottom, though one can never predict when someone will decide to dump 24mil onto the bid. What a fool. Either way, I'd rather that 24mil hand be gone than still with us ready to disrupt the next leg up. Hopefully that block wont be up for sale until we break .005 at th every least. I'm sure the MM's were appreciative.
I have a different perspective on that Gree. Not a stalemate at all. It is not unusual to see significantly higher volume with little price increase (or decrease for that matter). This to me signals that someone is accumulating significant portions of the stock while ensureing an orderly movement in price. The objective would be to ensure that there is minimal turbulence when they (th MM's I gather are the ones acculuating) take this up big time. Seeing the volume begin durin the AM and continue right intot he evening, I would say that next week should be the best percentage-gaining week yet.
This is just my opinion, but it is based on my experience playing the markets for quite some time. This wasn't significant volume to the downside (distribution, shorting) which have negative implications. It also wasn't quite the time to take this up again, or else we would have seen a close past 30 considering the volume. It loks to me as whatever shares are still available are being brought 'low'. I say 'low' as if I am proven right, this will be low relative to next Friday's closing price.
AVTI has yet to disappoint!!!
GLTA