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Until some decent volume comes I think it suits the MMs having a big spread, they can short and cover repeatedly. There are some retail sales on L2 but they rarely allow those to go through and if they start to they are often removed before completely filled.
I think this stock has hung out in this range for so long with such accumulation that just a little volume either way moves it 10%. No shares on either the bid or ask really.
The thing that has occurred here over the last 2 months besides heavy accumulation and strong forward looking progress by the company is many eyes have become aware of this stock. I still think that with a bit of a spark this will move quickly back to 9s and after that there is a strong chance many will jump in or back in to see where the momo takes them...
Very true, alot of people jumped into this with quick gains on the brain as most do with pinkies. Many got just that, although maybe not as much as they wanted, and now it has held rather well and is strongly accumulated. There will be another sharp spike up at some point but till then volume will be low as this is currently 'boring' for most pinkie enthusiasts.
Yeah it looks beautiful, I don't think that will change at this point regardless of how long it takes for the initial spark to send this north. Accumulation actually went up just a bit Friday to 32.3M, shorting is very high % wise last week and L2s thinned out big time.
I agree and think it will most likely be shareholder friendly. They seem to be all about being transparent and increasing shareholder value. Interested to see the details also, maybe a transfer of a decent portion of the restricted o/s?
Do you know the exact details of the R.I.G. acquisition? Was that done as a share exchange also?
If I could I would definately go for it right now. I know once it all cleared it they would drop it back a bit on no volume and short but there could be a momentum spark.
Funny because I did do that like a month ago with a similar L2 and NITE did short like 75k of it at the lowest level on the ask.
Well if someone took one for the team and threw out a 100k market buy order this would really get interesting right now. Would be funny to see how the market reacted to that with such a thin L2.
It would be interesting to see some other developments occur next week besides the Gearstar deal. Maybe positive financials or and update on more aggressive acquisitions or something new.
Missed the last couple days but looks like large shorting (58% today) with ask dropping on no volume and yet there is no real selling at all. Good sign this could be ready to run, along with the 32.2M on the acc/dist line which seems to be the max. Time appears to be soon for the breakout.
Me too, although the competition to get those was fierce, not sure any retail buyers did.
Watch some of the other stocks recently once they break the big resistance (ie. ANSU) and they just skyrocket to ridiculous gains. Never know...
Really strong buying pressure coming in now. They are shorting a little but this could be at .07 in a few minutes. After that 2 larger sell blocks till .08 but watch those drop off if momentum kicks in here.
Yep there we go, big order at .065 dropped off and partially moved up to .07. Little pressure this afternoon and we got a strong run started.
I bet if the .065s start hitting soon, some of those sells move up and this looks clear till mid 7s.
very well could happen, sells keep moving up or dropping off the ask side.
Really good to see huge bid support and a tight spread on the bid and ask. Shows a very good base here for a run up.
Today's news is actually the kind that could start a big run because it is open ended leading to speculation/anticipation of bigger things coming down the road (further acquisitions, completion of this one, large work contracts).
You are right, an actual contract with a wind farm owner like BP would be the huge news that they ultimately would like. With this acquisition they now have excess space and no how along with previous connections in the industry to quite possibly land such work contracts, certainly makes things more interesting.
I am aware, I worked building those very turbines, among others, for 6 years. Rebuild and repair of gearboxes is a big market in wind turbines as many are struck by lightning and certain manufacturers (Vestas, Clipper) have had quite a few issues with them.
I think that there is more growth coming for sure they are clearly being quite aggressive in increasing shareholder value and awareness.
Have you been witness to many share exchange acquisitions in the past? Adding a profitable company with growth potential and capacity to add work in a related field makes alot of sense. Any idea what general response to such moves are as far as market value?
WPNV news of acquisition shows continued agressive moves towards growth and shareholder value.
http://ih.advfn.com/p.php?pid=nmona&article=58699783
In case anyone wanted to look into the newest member of the WPNV family.
http://www.gearstar.net/
Pretty substantial news actually.
What are the odds we get one of those at 3:59 EST for the 4th consecutive trading day? (one was actually 20k)
Could happen, there has been good buying pressure the last 3 days right at the EOD. Of course with the large spread and the last second bid sells it hasn't really shown that but that really doesn't matter in the long run.
Interesting close with almost 100k pressure on the ask and bid support gaining including LAMP. Big shout out to the d-bag who sold 1000k ($50) at the bid just before close when the ask was up to .06. Third day in a row that someone sold at the bid right at the buzzer.
Can't get any volume at these levels, even with bringing the bid up a half a cent.
Yesterday showed that this thing will move from mid 4s to mid 6s and above on very little volume. Granted I wasn't a big fan of the person who sold 30k on the bid with one minute left in the trading day, but that kind of thing happens.
It seems many here had the xtremepicks agenda in there head of a skyrocket short squeeze caused by breakout news that will happen anyday. So of course when they get pissed and sell out the pps is going to drop, with the kind of accumulation this stock has any pressure either way makes a big difference in this range. I am not worried until I find out that this isn't a promising upstart company with new aggresive management looking to expand (with a low float and major accumulation). As long as those things are true, and I sure hope so, I see nothing to get so upset about.
Well you did the first part now kindly take your own advice and do the second.
Looked like it would, very ruthless EOD tactics with all the asks dropping down right after 70k in buying pressure. Just seems like a strong effort to keep it under .06...
They got just what they wanted, a market sell that dropped way down to pick up shares 33% lower. It immediately rebounded once bid support set in after the sale. This could easily finish in the 6s today.
Yeah I'm okay with it too, if and when we get the PR that the rest of them have been leading up to we are at a good point to make a run still. Interest has def waned due to impatience with the company and the inability of the stock to move freely but am here for however long. Weird that 75% was shorted yesterday on such low volume.
Volume is dryed up, no one wants to see their order get eaten up below the ask and have the pps drop immediately after buy pressure. Will def take some real interest to break free of this range, good thing is no one is selling anymore.
Would be interesting to see what some buying pressure would do here, it is incredibly thin compared to the last couple weeks.
I'm in the same boat. The buying is kind of frozen but it looks as if the selling at the bid is also. Looking really thin with any buying with the exception of that MF ARCA who typically is a beast.