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No, no. You must believe we are getting closer everyday....sir.
Just might be getting those $.15's by the end of the week. Right now it doesn't matter what the stock is worth, only how the market values it. Right now the market doesn't think much of MMR so I thank you market for allowing me to "hopefully" get filled at $.15 in the near future.
It'll take off from there because I said so.
I know what you meant, It's just that you said it on the wrong side of $.40 and anyone on the outside looking in would think you were short....geez.
For the simple fact that from $.22 - $.15 I can buy 30% more shares. Yes I think the company is worth more than $.22 and I didn't buy because it just continued to fall. When it touched $.18 briefly last week I decided to wait to see just how low it would go. Touched $.16 briefly today, so again if I am not averaging down and I can buy every single share I sold up to $.25 why would I hop back in now?
I am NOT on the outside looking in, I just don't have any shares right now. I was referring to people who wish to play this based on recent events and momentum. Those who are impatient. Those who read charts. Why would THEY be buying right now?
As do I. Again look at the 1 year chart. Look at the similarities in the price action, excluding all the news. Every long is aware of the potential and of course at this level the stock is undervalued, but why would anyone on the outside looking in buy at this point. I am not bashing, far from it and all I am getting are messages that say I'm a fool and I need to move on. Why would I move on with the potential here???? Also, why would I buy when I can get it cheaper. I was gonna pull the trigger a week ago or so with EZ around $.22.....what a mistake that would have been....short term.
"I have no idea why this stock has been dropping to this level. I understand people wanted Chartis revenue right away. at first I did too until I realized that what they agreed to will take time to implement"
You quote is a perfect example of what I think happened. Many people expected the revenue and didn't get it. They were not patient and sold. I am a buy, just not at this level.
Was I ignorant to buy and hold my $.07 shares for a year and a half, add more in the low teens with the announcement of Chartis and sell at $.25. My ignorance worked out great for me I guess.
Dude plain and simple....alot bought as this thing took off expecting large returns. Obviously not long-term holders, but I'm sure they added more. Look at the trading pattern, it never settled and consolidated at any level between $.17-$.32 because there was so much buying. I'm just saying IMHO that many had higher expectations going into the conference call.
$.16 is probably at least a 50% profit for someone. This thing took off on the hopes of a profit or details surrounding Chartis not losses in the millions.
$.185 and falling. Of course I know it's going higher and of course that is why I want in. Convertable debt and a longer than 1st anticipated timeframe (IMHO) seem to have dried up the buying and encouraged profit taking. The longer this goes on the further the price will drift. I will wait and buy up to $.25 my exit if I have to, but I doubt it.
I know it's a pipe dream, but I would love to load this up under $.10. Being completly out was painful at first now it's great to watch it drift lower ever so slowly. I'll start loading at $.15 all the way down to wherever she might fall.
$.03's and $.04's would be great. It's tracking a familiar pattern..... I'm averaged at $.09 would just love to get my cost basis down not hating or anything.
Up and down, it's like a rollercoaster today....just not feeling the love
They gave me some...
05/21/10 67 Stock
Buy
1,300
CDIV
Limit Day 0.3700 0.3700
Executed
CDIV
Buy / Sell 0.37 0.04 12.12% $1,032.00 25,800 $0.4193 -$1,330.94 -12.24% $9,546.00
Paid what? Look like I'm only down 12% on my investnment. $.25 is a fact. NITE was sitting at $.35 and they hit it, same thing again with $.25. Until there is real volume MM's will do what they will. Save your money for $.25 because MM's will take it there whether you buy or not. My bid is in at $.25 and I expect it to be filled.
Low volume an hour in. I guess most believe that this will be back at $.25 real soon. Why buy here, just wait until next week and you can get about 30% more shares.
Yes, volume and lots of it. We need another million+ day.
I was just going off on todays action. The big price drops with low volume (obviously MM's usual ploys) and than a rather large retail seller unloading and enabling the MM's to play more games. I watch the action and I see what is going on.
I understand the FLD but what I don't really care for is the cheerleading from those already up well over 100%+. I could have sold for a large profit, but held based on the concept and support I have seen for it. Of course the cheerleaders have nothing to worry about with a cost basis in the teens... or lower. The cheering wouldn't be as loud if they were holding the bag. One's mentality is completely different depending whether their account is green or red....human nature.
I'm holding cuz I sure ain't gonna sell at a loss
The action from the very beginning was a tell tale sign. I wouldn't have predicted low $.30's but today was always going to be a red one. It was taken down early with such low volume and than when it did pick up it was because of a big seller(s). Never any large bid support. I saw someone mention support at $.35 earlier, well that was not the case as it was blown through.
Everyone here ragged on Darby but he's 100% right. I thought his $.25 prediction was a little far fetched but boy he looks right now. I wouldn't buy anymore until it drops back into the $.20's
Discouraged yes, sell at a loss never.
down over $3000 on this already, if I ever break even they can have all my shares back and it is a big IF.
$.33 = upper $30's?
Down over 14%, look at all the buys reported as sales and tricks...blah blah. Today somebody got tired over holding and sold out. Call it or twist it as you will but today was selling and MM's covering.
With all the volume they probably have covered the last 2 weeks of what they have shorted. So basically we are where we were 2 weeks ago....except with a lower pps.
Yes that is correct. MM's have covered in the rise up from sub $.10 as there have been many sellers locking in profits. But, no I don't think they have covered in the last month or so. Volume is way too low and the sellers got out on the rise to $.70.
And to further you point I agree at this rate it would take a year to cover or more, but it WILL happen much sooner. Sooner depends on when we get some real LARGE amonts of buying.
I purposely referenced myself.
Today. When the volume was at 60,000 and we were down 10% assume that yes short is 50%. 30000 shares at $.40 is $12,000. They are not taking a huge risk shorting with VERY LITTLE volume.
If the MM's start shorting 50% on half a million and up days than they would get scr*wed pretty quick. Volume is so low they can do whatever they want. Everyone talks of buying pressure, where is it???? 120,000-200,000 a day of which half are buys and half are short.
I understand the FLD concept and agree with its ultimte outcome, my point is that the MM's at these price points have taken very little risk. We've had ZERO buying pressure since the day it dropped to $.38 from $.50 and closed in the $.40's. Volume on that day was 6 times average. That was real buying. What we have these days are small retailers and our buys obviously aren't enough to stop the MM's from continuing on the same path....which right now (and for the past month+) is back down
Seems to me this guy was spot on. Apologies accepted. Nobody is spending alot of money on this today or recently. Volume has been so low and the mm's have been able to take the price down with very little shorting on their part.
That is my point! They are taking it down on low volume because there isn't enough bid support and buying to stop them. Not sky is falling or anything, straight facts. It was my opinion that they would take it into the $.30's today.....that is all.
Really?! A whole $15k-$18k? That's alot of buying!
Come on. That is not nearly enough to force the mm's to do anything that resembles covering.
Uh that's what I said, we are head down on low volume, $.30's, no supoort, if we had any we wouldn't be down nearly 6%
Getting closer...see? They are taking it down on no volume and there isn't enough buying to stop them.
We hit $.30's today.
$.18 now??? This is just silly!
Watching 2 straight 20% down days usually sucks, but not if you're trying to get back in. $.25 yesterday felt safe and as it turns out, it wasn't. $.20 feels better, but I'd rather take the chance buying back in at $.23 than having it fall back to the mid teens. Still a great buy here, just gonna be dead money for a couple of months, not too long
If you bought in the $.30's or chased this stock in anyway....it is not a good day.
Don't be surprised if it actually fills. There will either be a gap up or down tomorrow morning. Not sure who hear anticipates good earnings numbers, but the outlook for the next couple of quarters should be interesting.
Fingers crossed for $.25 to get back in, if not GLTA!
I can't argue with you in terms of the graph. For the most part I tend to agree with you, on most of your points. I am very skeptical by the unusual amount of pumping backed only by statments such as "we know what we have" and the likes. And yes the only way to track the number of shorts is to count up everyones shares.
But the volume to me is the key. If it falls on heavy volume obvious pump and dump. But it has declined huge % at a time on such low volume. The only other scenario would involving driving the price up and slowly liquidating, but than again that is not the case as per L2. We've gone from sub-penny to $.70+ and have fallen on very very little volume.
You must think something special is going on here because of the amount of time you spend here. A market cap of $85 million come on, there is a definite validity to FLD's.
Way to go out on a limb there
Nah bro! I am not sell below my cost basis. Just don't like seeing red everyday. I normally don't watch stock but this isn't a normal play....hence I watch it daily.
Somebody take my 25k at $.40. They're "on sale" and can be had at a nice "discount"