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It is somewhat surprising but I think that is a big part of the manipulation, if it stays in the same 6 to 9c range its been in for weeks now people lose interest and go to more volitile options. So keeping it stuck here by shorting and ignoring orders by under selling ask sells and over bidding bid buys keeps it in the range and the only volume is either short sales or them covering shorts through scared bid whackers. If it breaks this pattern it will fly because it has been going for a while now.
It would be nice if WPNV secured the legal securities firm to not only help with becoming current but also help with the issue of naked shorting and manipulation of their stock.
All sorts of shenanigans, funny the SEC says short selling can be used in situations to create liquidity of a stock with low volume. Seems here it is used to try and stop volume.
Hmm.. That is some wild speculation, get it to spread and we will certainly have something here.
Maybe mine is wrong, I got MAXM showing 15K then ATDF showind 20k at .o75.
Where? I think he showed up for 2 seconds, sold 10k and jetted.
I don't see this so called VFIN you speak of.
The 47k sell by ATDF is the only real sell on the way back to over 8c, in fact its the first actual non-short sale i've seen on the ask for a few days.
Yep, I had a strong feeling this would happen this morning, you keep shorting and dropping and some will sell, thinning out for good run. Hoping to see a bounce this afternoon.
I don't see .04 either, I think this bounces off .065, which has shown good support for the last few weeks. Never know though, they are desperate, every order at the ask has been shorted for 2 weeks.
Overall accumulation has remained at 28 million for a week now, wonder why. The MFI has dipped from over 80% a week ago in the overbought area to 29% right now, about to go into oversold territory.
And the pattern today is the same as every low volume day, short 100% of ask buying and hope for sales at the bid, then walk the ask down on no volume and repeat. This has been trading so different from normal stocks the last week and a half, it will blow up soon...
Very good synopsis, I have this strong feeling today is the last day we will see these levels but if it lasts a bit longer just hold on because there is strong support and a really huge upside, the only way you can lose is to get scared and sell now...
Today looks to be a hold strong day, I really think we get a PR tomorrow and with the accumulation and shorting the last 3 weeks it won't be contained, today would be the worst day to sell.
We don't have the volume yet, just watch how they drop below each other to short on low volume. It doesn't matter though because any volume impetus and this hits .09 almost immediately.
Never know, they are still shorting the ask most likely, could walk down for a bounce sometime today and get lucky to get some 6s. Wont last long though, too much accumulation at much higher levels.
Looks like it could possibly be very ready to head north here quite soon...
Time is now to add more if you can, they may try and walk it down in the morning but it will bounce by afternoon and tomorrow we should get a company udpated...
Sorry but in this instance investopedia is not 100% accurate, here is the actual regulations, please see section D-II paragraph 3.
http://www.sec.gov/spotlight/keyregshoissues.htm
There is loophole set up that says MMs can naked short sell to create liquidity in a stock where shares are otherwise unavailable or scarce. One would think that if a market order is in for a stock and there are no sells at the given price you would just raise the ask to create liquidity but it seems MMs can manipulate this rule to naked short at the price they wish. They do have to buy these shares back at some point because selling shares that don't exist is essentially diluting the stock without the companies knowledge.
WPNV hadn't had any kind of real pullback in over a week just consistent buy pressure shorted at the ask. So Fri we get 350k in sells at the bid out of 575k, 140k was still shorted at the ask probably early. On a slow week some gave in, probably necessary to move this thing as the MMs have been ruthlessly blocking the .085 to .09 range. Once they have some of their shorts covered it should be freer to move, add a company update and we are all good here.
True and they are playing big time, still shorting the ask even at .075, and all kinds of jumping around.
Doubtful it will pull back that far, huge accumulation between 7 and 9 cents and heavy shorting in those levels for two weeks will bounce this back quick.
Yep, the whole short everything at the ask, walk it down, try to get sellers, underbid each other rinse repeat thing isn't working, just stalling the inevitable.
Seems that way, way more of them in on the shorting and underbidding each other than usual. Most of the volume at .085 yet they keep walking down.
They have really set up a 'wall' of shorting today, you don't see this level of manipulation all the time.
Shorting and manipulation gets more intense every day, no one selling, should run hard very soon.
Looks like a familiar start, 39k ask pressure and the PPS drops.
WPNV- Looking for a huge runner after the holiday?
Looking at the charts of big runners like LOTE and DROP, WPNV looks very similar to the steady rise in PPS and accumulation that occurred just before they blew up. With DROP the 10c barrier was huge, volume increased and it spiked to 75c in a couple days then retraced to 35c and consolidated big time before running to 1.25. This stock actually has more potential with around 4 times smaller float and legit potential for company earnings and acquisitions. If we break the 10c barrier Friday this runs huge next week...
Add to this the outside chance of a short squeeze and there is no reason not to come check out WPNV and see all the DD on the board.
WPNV- Looking for a huge runner after the holiday?
Looking at the charts of big runners like LOTE and DROP, WPNV looks very similar to the steady rise in PPS and accumulation that occurred just before they blew up. With DROP the 10c barrier was huge, volume increased and it spiked to 75c in a couple days then retraced to 35c and consolidated big time before running to 1.25. This stock actually has more potential with around 4 times smaller float and legit potential for company earnings and acquisitions. If we break the 10c barrier Friday this runs huge next week...
Add to this the outside chance of a short squeeze and there is no reason not to come check out WPNV and see all the DD on the board.
WPNV- Looking for a huge runner after the holiday?
Looking at the charts of big runners like LOTE and DROP, WPNV looks very similar to the steady rise in PPS and accumulation that occurred just before they blew up. With DROP the 10c barrier was huge, volume increased and it spiked to 75c in a couple days then retraced to 35c and consolidated big time before running to 1.25. This stock actually has more potential with around 4 times smaller float and legit potential for company earnings and acquisitions. If we break the 10c barrier Friday this runs huge next week...
Add to this the outside chance of a short squeeze and there is no reason not to come check out WPNV and see all the DD on the board.
Looking at the charts of big runners like LOTE and DROP, this looks very similar to the steady rise in PPS and accumulation that occurred just before they blew up. With DROP the 10c barrier was huge, volume increased and it spiked to 75c in a couple days then retraced to 35c and consolidated big time before running to 1.25. This stock actually has more potential with around 4 times smaller float and legit potential for company earnings and acquisitions. If we break the 10c barrier Friday this runs huge next week...
Unfortunately you are right, they seem to be able to naked short forever. I still think WPNV will run hard based on many other things, not counting on any kind of a short squeeze, I have only seen that a couple times ever.
As suspected, very large short percentage today. 70% of volume was shorted highest % of volume in months. Things are getting close, they can't keep naked shorting forever...
Very strong today, seems to be a whole lot of shorting but only strong hands and buy pressure today.
It seems there is a pretty smart core here though, no one falling for all the ploys to try to get people to sell.
If this breaks .085 here I do believe a run may start today...
That is my field actually, its been slow the first half of the year because the tax credit didn't get renewed until the last second but it will come back strong to where it was last year around August and looks real strong the next few years.
L2 thinning out big time now, maybe we get a good start to the push today??
Yep, they haven't found one single seller today just a bunch more shorting, L2 very thin once pressure to stop shorting hits, first real sell now at 10c.
WPNV - the time is now to check this one out before the huge run up begins, better to get in now than chase the momo later.
WPNV VIDEO CHART: