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No, what I am saying is there was no bid because it was 100% short. The reverse split afforded them the unique opportunity to cover 1 of every 5500 short shares. By shorting so heavily on Monday, they were attempting to cover those shares at less than the .55 that the stock should have opened at - instead it opened at .10 (first trade- bid and ask was something like .065-.73) but the forward split error allowed even more non-existent shares into the market.
But, if this stock hadn't been so heavily shorted and Scottrade hadn't attempted to trade before they had the certs in order to lower the price to cover the existing shorted shares cheaper, and then let some math challenged accountant make a huge but insured error none of us would be in this situation.
Excellent post Friendly Investor - person mark for you! I hope everyone on this board understands exactly what you are saying.
I am really enjoying watching everyone jump nite's bids - I just wish I could tell what MM is working with them so I could jump their bids as well. NITE has backed down to .311 like they don't care what's happening here - It looks to me like CSTI is their partner today.
Thanks Friendly, I knew you would get it I hope others do as well!
Really, look very closely at the volume.
Yes, say GBOE did decide to sell 10 million shares to Scottrade for $4 a share- that would be a 12.4 million OS stock with 40 million cash on hand. This makes my stock look better and better. This generates tons of revenue to accomplish their business plan with minimal dilution - this is a win/win for me.
Roger.....Roger Riney-----the GBOE shareholders would like to make you an offer on that yacht..call us.
I think we could all retire on just your shares.
GBOE is an opportunity for everyone if we play it correctly - they will shake it and scare some people but, if most hold, we will all be better off IMO.
Well, let's hope you and i are not the only two non-conformists reading this board!
I am holding - this stock was already heavily shorted and we know all the shares sold today were short so now they will be covering and, if no one cooperates and sells, we should win this round!
I appreciate your response although I still don't totally understand what you are saying. Thanks so much for your thoughtful answer.
and.....your silence is deafening - please continue.
Interesting analogy. I hope you are able to get in.
Yes, you've held the stock long-term?
I think most here would agree with you - we all wish we were part of a company who gives investors 10 shares for every 1 owned! I am happy to be part of this company now.
It sounds like you have held this stock long-term? And that you have some prior issue with it? Could you explain please?
I don't understand your references to Embraer - could you please let some of us recent investors benefit from your knowledge?
Again, the last time I spoke with the TA I was told that this info could not be given over the phone. They needed a faxed, written request.
That's very interesting that he would call you back - I know several others who have called him today and gotten no answer.
So you are posting unverified information on a public board? What price are you buying at anyway?
Can I have a link to this information please?
This conflicts with information I received and i want to confirm exactly what is correct.
Thanks in advance.
Just found this but don't understand it - IFRS is mentioned though - are we being acquired?
http://www.sec.gov/Archives/edgar/data/2601/000114420410058747/v200872_s1a.htm
Thank you so much for your response. Have charges been filed?
Gosh Striker I sure hope you are right and that BTDG really makes you wealthy this year.
Do you really think he is going to jail - is there litigation at this time? This BTDG is very interesting.
Very interesting post - I am interested to see what happens with BTDG.
Excellent post - person mark for you!
Here are the charts from the last promo for this stock back in 2007 - note the similarity of the trading patterns.
http://www.3stocksonfire.com/trading/index.php?topic=10223.0
Ah, a fellow chartist - well, if it goes down to .25 I will be buying and once it passes .50 it should be blue skys Baby!
I think you are correct - the chart still looks amazing - the chart indicated a green hammer at close yesterday so we should definitely move way up now!
PC doesn't count here - just investment DD and strategy- hope yours is great and please feel free to share!
I think a lot of very smart people bought on the dip yesterday.
Because I have already bought and sold so I have no reason to do further dd on this or to question anyone's findings in their own dd or to question their investment decisions or the length of time they choose to hold. I try not to judge or cast aspirations on anyone-it's how I roll!
I am not a basher and I am not questioning their PR's - I truly wish all the long term investors well and I respect your DD on this.
It's important to do your dd that's certain but you might want to dig just a little deeper on this one- it's a real company with real patents and is fully reporting - check it out.
It looks like a lot of people were buying today - I hope some that were scared by yesterday's trading were able to get back in today and others were able to add to their position.
Always happy to hear anyone's dd-that's what this board is all about?
I think all who have done their dd are sitting and watching right now. Those who lack confidence are selling and those who know the stock are taking advantage of the fearful and adding to their position.