is too big to fail
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That would be great news...I've been holding for five months now waiting for something. First time I've checked this board in about two months too..
Where did you get your info?
GLTY bman...
Here's another contestant...
http://www.postindependent.com/article/20070129/AE/70129005
and another female, small blurb at the bottom of page
http://209.85.165.104/search?q=cache:WqV5URZFduIJ:news.cincinnati.com/apps/pbcs.dll/article%3FAID%3D...
I'll like rich Mimi even better !!
I think you're right about the individual investors..some news would probably help. But there's alot of shares changing hands and I'm curious as to who's on both sides of these trades
Good investigative reporting today Hogs..too bad you couldn't keep the sellers away. Any thoughts on the 400K+ shares that went south in the last hour of trading?
I'd love to believe it was just the MMs playing games again, or better yet, loading up themselves for a big run...like to hear what others think.
GLTA...
You tell him Hogs !! Mimi's the only one allowed to bash our stock here...
Well now that Mimi is back on board I don't see anything holding us back now!!
They're the same...you can't sell unless there's someone to buy...and vice versa
However, go to Investopedia.com and read the info on bid and ask prices and I think that will answer the question you really want to know i.e are there buyers pushing the price up or sellers pushing the price down
By the way, I love the volume too, but I wish we could break through the logjam at .105 - .11 that's been out there for the past week or so..
Yeah, that sucked buying at $1.37 a few weeks ago and selling off at $4.16, $6.46 and finally closing out at $6.94 this morning....gotta pay attention, you know. I felt greedy holding it as long as I did...if you were still holding out past $7, well, I'm not sure what you expected to happen.
craig, you can also just click on the RRGI Quote/Level II link at the top of the message board, then go to Depth/Level II in the drop down box
maybe it was Mimi....
If this hits 6.00 the beers are on me...hell, if it hits .60 the beers are on me
high enough to shut even Mimi up....
Would any rational person (you know who you're not....) like to comment on the past few days??
L2 just took a nice turn to the good...how about a big race to the finish today...
Just the reverse, at the trigger price (.43) alot of shares will have to be purchased to cover the short positions and the price will rocket up...
I'm hoping the same thing will happen at .16 as I mentioned...
This is from the PR I saw on AOL Finance (this is the Buyins.net info)796,123 shares in Nov, 516,657 so far in Dec
Month Total Vol. Short Vol. Avg. Price
January '05 20 2 $3.75
February 404 31 $3.75
March 136 10 $3.13
April 169 13 $3.13
May 107 8 $3.13
June 25 2 $2.50
July 26 2 $2.50
August 184 14 $1.88
September 442,120 34,043 $0.47
October 177,400 13,660 $0.48
November 3,200 246 $0.46
December 135,432 10,428 $0.49
January '06 62,000 4,774 $0.48
February 418,500 32,225 $0.42
March 223,400 17,202 $0.26
April 27,000 2,079 $0.25
May 7,438,680 572,778 $0.18
June 653,724 50,337 $0.40
July 913,404 70,332 $0.58
August 2,572,272 198,065 $0.89
September 21,656,640 1,667,561 $0.72
October 9,248,054 712,100 $0.27
November 10,339,263 796,123 $0.16
December 6,709,825 516,657 $0.16
Total: 61,021,985 4,698,693 $0.43
Even more to the point, coverage by Buyins.net is a good thing, as now all the shorts are out in the open...
It means that the average shorted price is .43, however, it's unclear whether this takes into account the 4:1 split. This would make the average short price lower.
The encouraging thing for us longs though is the 1.3 million shares that were shorted in November and so far in December at an average price of .16 What this means is that once the price hits .16, over 25% (1.3 mil of 4.7 mil) of all shorted shares will begin to lose $$$, so forget the squeeze at .43, there should be a fairly significant squeeze at .16
That's my understanding of how this works, keep in mind I'm no expert...
Jerry, go to investopedia.com, it's a great resource for new investors.
PS: if you find out when this thing is going to pop, let us all know
Caution, I think you hit the nail right on the head (I hope...), with the deal announced, the car sponsorships and merchandising should start to take off.
Anyone else find it strange that people are willing to pay .40 and up per share for an idea but won't pay .14 for a (soon to be) revenue producing company? Welcome to the world of pinks I guess...
If there is a God in heaven Mimi sold just before the close today....
CKXE - American Idol and others...
My best guess is that the network gets all of the TV ad revenue; RRGI, being the owners of the cars, would get the ad revenue from the cars, plus the merchandising, and some sort of rights fee from the network for airing the show. I think that's how these deals work, but i would love to hear from someone who actually knows for sure...
GLTA..but do your own DD
nice volume yesterday and today...L2 looks decent too..anybody know why??
Don't be so sensitive Wheels, it wasn't there when you originally posted...we're all in this together you know
Wheels, where did you find that info? Could you post the link please?