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the ask is getting pounded and JEFF/NITE still won't budge...same thing we saw monday @ .0011
is this dilution, shorting, or dumping?
well one of the two, or both, are selling a ton of shrs @ .0006
NITE & JEFF are hanging tough on the ask...some big buys going across
Some just sold 300 million shrs.
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 3000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:39 9000000 0.0005 - OTCEQ_NBB
14:58:36 9000000 0.0005 - OTCEQ_NBB
I'm watching level 2 and seeing alot of this:
.011 650500 shrs - then 5 seconds later -
.001 650500 shrs
.011 39000 shrs
.001 39000 shrs
etc. etc.
any ideas on this?
L2 looking good...
strong base @ .0009
almost no sales into the bid when its @ .0009
wall @ .0011 slowly going away
different MMs poping up on the bid @ .001
i geuss, but seems weird that 100's of millions of shrs can be bought at the ask with no change but 20 million sold into the bid and the bids retrace...geuss that's just the nature of the beast.
has anyone else noticed that there seems to be an endless supply of shares @ .0011 ?
Someone just bought $110,000 worth...
14:09:03 1000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
14:09:03 9000000 0.0011 + OTCEQ_NBB
look at the short covering...NITE, and now JEFF, have picked up over half a billion shrs @ .001
ya, i geuss they got greedy...couldn't let NITE cover too many shares that cheap...
NITE only MM on Bid:
Has sucked up a couple million @ .001
Watched 100million go across in about 10 seconds, still won't retreat...
I wonder what he's doing????? Covering maybe...or maybe he's just keeping the price up for the hell of it....lol
2 scenarios for tomorrow morning:
1)MMs in control with a small gap(.0008 - .001), steady move up until the shakeout later in the day...
2)chaos, everyone scrambling for shares: MMs covering, holders adding to their positions, traders playing the momentum and newbies buying on their tips. Huge shakeout late in the day when the buying subsides.
the MMs realize they can't cover their short positions for cheap...any ask under .001 is gonna get taken out before it is even offered...lets see if they continue working together or all bets are off and its every man for himself(scenario 2)
All, imo of course...
thats why there are cash/settlement restricitons of usually 3 days, not sure about margin trades though...
thats true...but 3 years is a long time...if this is a scam why would he restrict himself for so long...600,000,000 shares is not chump change. But then again im sure he has alot of unregistered shares through his "friends"
"On April 15, 2003, Casavant Mining Kimberlite International, Inc. ("CMKI") entered into an agreement with Urban Casavant, President of the Company, whereby Mr. Casavant agreed to place his shares of CMKI common stock in escrow for a period of three (3) years. During the period of time in which Mr. Casavant's shares are in escrow, Mr. Casavant has agreed not to sell, pledge, or otherwise dispose of any of the shares placed in escrow. However, Mr. Casavant does retain all other rights afforded to him by virtue of owning the shares, including voting rights and rights to dividends and other distributions.Mr. Casavant's shares are being held in escrow by the Law Offices of Thomas C. Cook, Ltd."
...so i geuss he feels like his shares are still going to be worth something in 3 year...looks like he's putting some of his money where his mouth his...
From 8K on April 17, 2003
Now is the time of reckoning for all whom have tried to Naked Short this stock into oblivion. What are the MMs gonna do: BILLIONS of shorts have to be covered + heavy retail pressure = a short squeeze of epic proportions. Longs, monday is the time to average up and destroy the shorts...they definitely deserve it...
is gonna be a b*tch to get shares monday morning...this could be one of the biggest short squeezes ever...
any geusses on how high this will gap monday?
can someone explain their assertion that the MMs are keeping this down...it seems to me that they have 2 ways of doing so but both seem impractical: 1)dropping & locking the bid/ask to shake out and 2) naked shorting.
Yet, whenever they have dropped the ask(especially today and yesterday)it has gotten taken out pretty quickly and they've had to retrace. It seems almost as if their shakeouts are costing them more shares than they're buying back, shares they need to cover with.
The second option seems counter intuitive, since they need to cover their 'alleged' huge short position.(why short more shares when you already have a huge short position and know it needs to be covered soon.)
Is this really the MMs keeping the price down? and if so how? any ideas?
p.s. What do you guys think about the series of 9,000,000 shr. blocks that were hitting the bid(look at the after hours trades to see what I mean) and the wall at .0007 - u think this is MM or retail activity?
an interesting read...
http://ragingbull.lycos.com/mboard/boards.cgi?board=ZKID&read=7040
I agree, I think if it breaks .17 and holds its back up to .20 +
ALOC is all over the place today. the low is .03 and the high .05...was tempted to dump but still holding tight
DT, are you going to buy more if it moves up? I was thinking if it breaks .05 we'll prob move back to the .08 - .10 level...
picked up 45k ALOC @ .04, looks like it bottomed today
DT...whats the reason for the recent price drop in ALOC? chart looks interesting
stock looking strong this morning, broke through a wall @ .155
zkid - great channel, looks like we hit bottom this morning...
*how can i bring up the chart? it wont let me paste it in the post window...
vnco - beautiful chart - have been accumulating at .045 and will try to get more at .043 tomorrow - a good short term play to around .07 and an even better long term play - solid company with good news as of late, could have a huge pop...jmho
http://www.pinksheets.com/quote/chart.jsp?symbol=VNCO&duration=2-6-9-0-0-512
http://www.vencorinternational.com/press.html