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I think they registered 6.2 million shares of TKO. Looks like that capital group, Enable Capital Management also has made a significant investment in an alterantive fuel company called, Ecotality. Looks like they trade otc.bb and have pretty small float, 38 million shares. Enable Capital Management holds about 7 million.
Ecotality, Inc., an alternative energy company, develops an electric power cell technology that would generate and manage electricity to power a range of applications, from vehicles, such as buses, trucks, trains, and cars to alternative power supply stations to power homes. The company has a research and development partnership with NASA?s Jet Propulsion Laboratories for the patent-pending electric power cell technology that would be a clean, environmentally friendly, re-usable source for electric power and fuel. The company was founded in April 1999 as Alchemy Enterprises and changed its name to Ecotality, Inc. in December 2006.
This is just quick research, let me know if I am off here.
I think its in refernce to the recent private placement. Looks like something to do with the registering of the stock. ENABLE CAPITAL MANAGEMENT, LLC, is the name that is popping up.
I am doing some hoemwork now on them.
What you thinking here Zen? walked up on no volume again, looks like sellers show up at 3.25. I am starting to trade this range a little, i cant resist anymore.
Zen I did the exact same thing last week and bought too much at 3.60.
I also was in Atlantic City this past weekend and executed several good bluffs (hold'em of course) at the Borgata. Did not make up for my paper loss trading this week, but at least someone else got fooled last week beside me, haha.
Lets get some back this week TKO!
MMs and Specialists do not post bids/offers after hours. Specialists clear the building at 4. Market makers, in the case of NASDAQ stocks, will use an ECN to execute orders.
Everyone can use them, but most of the software we all use through our online accounts has automatic routing in it that is designed to get the price price. You could probably turn that feature off or manualy direct how you want your order placed. So if you saw that 3.23 bid after hours, you could (or should) be able to hit that bid.
You can post through an ECN after hours on any exchange I believe. For instance one can post a bid/offer through Instinet (not sure if thats still around) or ARCA. There has been so many changes since I stopped trading 3 years ago but I think it all may show up as NASDAQ on the quote box we all look at.
Lets say someone didnt finish a buy or sell order during market hours. That person could post a order on one of the electronic exchanges and if he found someone else to trade with, they can execute the order even though the market is closed. Type up SPY and you will see pre and after market trades all the time.
For level two watchers you will notice NASDAQ will mostly shadow AMEX. It is easy for traders to use ECNS (nasdaq) than route through AMEX, you get faster fills for one. In fast moving markets your fills may not be excatly where you want them with AMEX, specialists have the ability to hold the order and you're at his mercy. If you use ECN's you take stock using limit orders, basically fill or kill orders.
T next to time and sales mean delayed. After hours prints get t stamped.
Someone trading after hours is just really trying to get out or in a position. Not enough shares traded to make me think to much about it though.
All in all it just means more and more people are watching the stock.
90m traded at offer in the last 2 minutes. Looked good to me. We needed a stablizing day. Stock showed relative strength compared to a down day in the market and closed on an uptick. Ill take it after the terrible past three days of trading.
I would like to see a 3.20 close today. Notice the new market participant, NASDAQ? Looks liking this stock is attracting more and more interest from traders...
Nice little bounce here Zen, what you think techinically?
I might of taken your message the wrong way Louie, so if I did, my bad, but I think this board and its members do a great job of sharing ideas and discussing this company and its trading patterns inteligently . Remember, there is nothing wrong with shareholders asking questions of management, we are owners of the company, its our responsibilitly as a shareholder to be informed. I think most people here agree we are involved in a company with tremendous upside. I dont blame people from getting disheartened from time to time, if you dont care then something is wrong.
Its nice that we also are in position to benefit from people that have a pulse about what goes on within the company. I have not seen a message that was disrespectful yet, on the contrary people seem to be extremely polite with the way they word questions asked of Walrus and GLL.
Looking forward to a better week of trading. Go TKO!
I guess there is a positive spin to being added to the Reg Sho list. I can assume the Specialist on the AMEX and PACX were executing most of the short sales in order to provide liquidity to the market when volume picked up the past few days. One can make the assumption that they had to short to provide this liquidity to the market because there was a lack of sell orders from long positions. This makes a little bit of sense as to why the share price was so agressively punished after the intial buys came into the market. The Specialist (s) have a decent size short position that will need to be bought back. It would makes sense that they would want to cover as close as possible to their entry price. Hopefully their buy covers will stabalize the share price.
Any thoughts Zen? you know more than I do about Reg Sho requirements...
When is the CC going to take place, I saw a date of 3/8 through a link here, is that the same one you are referring to?
I am not shooting the messenger either Walrus but I hope for investors sake it contains some real, relevant financial data. Apparently that is the only thing that might effect the share price at this point.
I think most of us can agree that Wall Steet is asleep at the wheel in regards to this technology and this companies relationships and business partners, but at the end of the day, the share price has the final say.
The float for TKO 46.07M. Around 4 million short, about 8%. The short ratio is not extraordinarily high. For instance Amazon (which I am short as I own put options) has a 14% short raito. TKO reported short ratio is not really all that high. Of course we dont know how much naked shorting is involved but I would ventur to say nothing too unusual. Above a 15% short ratio I would start to be alarmed that smart money knows something I dont. I have seen stocks with a short ratio of over 90%. TASR back in the day had a similar ratio, when the actually got a huge contract it sent the stock from like 5 to 100 in a month.
I am not sure how many shares TKO issued in the private placement, probably in the neighborhood of a few million, I am not sure the mechanics of the private placement work but I doubt they have shown up in the open market yet. I actually was told this placement was not going to dilute the stock but I dont think I buy into that. Either way, its not that big a deal in my opinion. The stock is not going be sold in the open market right now. They most likely have a lock up period. At this stage of the game those investors are going to be looking for sizeable return and understand how all the deals are going to affect the bottom line. No reason to invest in TKO if you dont think its going to produce great returns. 10 mill is a lot of money, factoring risk/reward and tax consequencees, they aren't looking for a 20% pop in share price. They could stick it in tax free muni bonds and do better. I am sure they are looking for a double at minimum.
I dont agree or disagree that the UK market or any other market has more or less corruption than the US markets but the fact is the liquidity and trading volume is here. The London Exchange is huge as is the Tokyo, but the volume is in the NYSE. The fairest markets however, in my belief, are the electronic markets (NASDAQ). Open outcry markets like the NYSE, AMEX and other world exchanges leave a lot of room to give investors bad pricing. Electronic exchanges give better pricing, there is less front running and price discrepencies for several reasons. It comes down to the fact that high bid/low offer wins, no questions, no deals, no front running.
TKO needs to get on the NASDAQ asap.
Dilution is not really caused by shorting but it can be. The shares short are actually borrowed longs that the broker/dealer is lending out. They have to be bought back at settlement date. Dilution is what occurs when more stock is issued. A secondary issue will cause dilution. Lets say a stock has a float of 50 million shares. If the company needs to raise money they may use a secondary offering to sell more stock, lets say another 10 million. All things being equal, you have now reduced the value of the stock because you have introduced more stock to the open market. A stock buy-back has the exact opposite effect.
Naked shorting can theoretically cause a drop in price because in esssence, stock is being sold that isnt really borrowed. Its called naked because there is no long its borrowed against. Kind of like artficial stock. So if enough shorts come into the market and if effects the natural supply/demand, the stock will drop. Since these shares are naked, they dont have to be bought back at the normal settlement date.
In the case of TKO we saw the stock price give back gains on heavy volume this week (Distribution is the fancy word used in TA) There is only one true reason, more stock was sold than bought. Whether its a natural long sale, a covered short sale that will be bought back, or huge naked short is the question. The most likely cause of the drop is the interested parties are already in, and have been. Traders are controling the short term price fluctuations, some of the decrease is due to long sales, some is covered shorts, some might be naked shorts. There is no way the entire down move was created by naked short. Someone would of literally had to short millions of shares. No chance, in my opinion. A combination of the above factors is most likely why we saw the gains go poof. With the absense of news, and with all the new interest (volume), TA will rule the stock.
Someone feel free to correct me if I was wrong here on some of these points.
hope this helps
Bingo. I dont think shorting is the real issue. Its not like 60% of the float (ala, TASR and OVSK) is short. And as you pointed out, it should not efffect the share price anyway as the short is supposed to be covered like a normal sale (trade date plus 3). A stock like this is usually put on a 'hard to borrow' list anyway. Making it harder for traders to borrow shares to short.
As far the couple of Specialist are concerned, they play by different rules I think but I dont think its an issue either. It is so easy for them to make money when a stock is range bound. They know where all the buy and sell orders and they are allowed to front run order flow and buy and sell from their own inventory. No reason for them to expose themselves to a potential disaster when you can make money this easy.
I am starting to feel clueless as I can think of zero answers.
Sirius, a short sale is not the same as dilution. Dilution would occurs when more stock is issued. More supply of stock would drop the share price if all things remain equal. Distribution, as Zen indicated, is transactional.
I dont think you can see actual dilution in a chart. What you see is huge selling pressure. Sell orders far outnumbering buy orders. Whether they are short sales or long sales should theoretically make no difference.
I agree with Zen here for sure. The recent filings and press releases have turned it to a stock somewhat in play. News brings traders which brings liquidity. I understand the sell off to a point, if I were trading this stock, I would of tried to pick a top on that news play and jump on a long sellers bandwagon and shorted 10 or 20m. If I was right, I would have looked to cover around 3-3.25. A quick 3 day play, but a very dangerous one. Any other news, and you get your ass handed to you, excuse my french. Risk/reward is really terrible here. There are not that many people out there doing that type of play here with any kind of size, not unless they have a career change in mind.
What I cannot understand is how much more this stock has sold off on volume, baiscally erasing all the GE and Wyndham news. Someone might argue that it was built into the share price, but I dont buy into that. If this stock were trading $7 in anticipation of that news, I could buy into that.
It seems apparent (in my biased opinion) the upside far outsizes the downside. So I really cannot guess where the sell pressure is coming from. The only thing I can think of that warranted thsi much volume was the buyer(s) who bought back at the end of December on the EDS news (that was a 4 million share day) bailed. That does not make much sense though, those buys are not dead money.
I am not of the opinion that this stock (or most in general) is heavily manipulated. TKO Management would be first in line calling for heads to roll, this is career making for most of them. Dont forget there are a bunch of shareholders with huge positions. They are looking too.
My only explanation is with the recent surge in volume attracted more players, this stock is starting to trade off TA, with traders using a very short term bias to make entry/exit points.
/ramble off.
I do remember you saying that Sonny, I am just wondering what metric you used to see that. If I missed something I would like to educate myself, you saying I should sell is fine but I would like to know how you came up with that as well.
Not sure where you are drawing the dilution info from. I know you have mentioned seeing it a chart, but what metric are you using to determine that?
The price is weak but that doesnt neccessarily mean the company is issuing shares, could be just a heavy week of selling after the recent run up. I might be wrong but how are you determining dilution?
AMEX posted a 30m bid at 3.08. Not sure if its still there, but I dont think we see under 3.10 today.
nice buy :)
They actually released the 8k about 30 minutes ago
On February 6, 2007, the Company announced that it has signed an exclusive supply agreement with GE Energy to co-develop an innovative custom product that enables vital remote monitoring and management of utility substation equipment. Over the next six months, GE will commence the first installation phase involving customers in North America to further develop and refine the product, customizing it to be compatible with all the various types of substation equipment.
I cant believe how much sell pressure is on this stock, its relentless. grrrrrrrrr
Hope so, not sure though, AMEX has stock to sell at every frigging level
Any thoughts here technically Zen? Bid support is not there today, no interest at 3.25 level. Looks like 3.15 is the level of support.
Watching this stock during the day tick by tick is like watching a horror movie sometimes.
Fast Money
Was just watching Fast Money on CNBC, they were discussing data storage plays as being great bets because content providers are able to now finally able to deliver to end users because bandwith issues have come such a long way. Eric Bolling then brings up EDS. He thinks they are about to break out into a new six year high for several reasons. He followed that with mentioning their $10 billion contract with the Navy.
I was mentally telling him to mention TKO as long as was mentioning that EDS/Navy contract. He did not get my telepathic message but, damn, is this close.
See how this all fits? Of course we all do, wall street needs to wake up now.
Was my thinking too. I thought there would be enough buyers to step in and hold that 3.50 area.
There will be come a point when a couple of bigger players decide to buy a few million worth of stock and take a shot.
Looks like CINN decided to show up to the game. Showing 100 shares at 3.27 lol. It does show that the stock has attracted interest though.
I appreciate the technical read Zen, you are a TA Yoda to me. I need to go back to charting 101 school.
I added at 3.55 yesterday (brings my cost basis to about 3.05 I think). Although 3.25 looks solid right now, I am going to wait until tommorrow to see. I might buy late in the day tommorrow if we still look strong here.
I will add, I just want to see some strength first.
Any thoughts at this level Zen?
thats delayed info its been trading, just printed 330. volume has died down, 250m so far today.
Quiet here today!
Looks like we got support in 3.25 range. Exactly like you suggested we might. Hope we can just hang in there until further announcements are released. If only I could sit on the bid here and gobble up stock...
Duke playing North Carolina at 9 pm tip I believe. Pitt fan? Assuming you from Pitt, I might be out there on business next month, any restaurant suggestions to take clients?
OT (sort of) - I need a beer.
As much as I appreciate how passionate the members of this board are in their thirst for all things TKO, I think we think too much. At least I do. So I intend to visit my favorite Upper East Side bar, watch the Duke basketball game and think about beer instead of TKO for a bit.
Of course I'll be thinking about TKO on my second beer and how I am going to spend all the proceeds from my lucrative stock sale.
Anyway, better trading tommorow. Go TKO!
Agreed Zen. In regards to day trading this stock (which I do not, long since September added along the way, including today) As a former professional trader who flipped all day, I can tell you that this stock would be a nightmare to trade. You would churn yourself to death in it. Liquidity come and goes with the pr's. Most of the time it is not there, it might take you 10 cents to get out of a 10m position. With a trading range of 30 cents, there is no risk/reward.
Its a news play, so taking any short position could get you in real trouble if you're not on top of it. And TA is basically out the window with any kind of news. If you hate the stock you can short into strength, if you love it, you buy into weakness. Either way the range isn't very good and noone is making money unless there is a breakout news item.
I am not happy with today but I am staying the course. Deals take time, they just announced 3 of them in one week. With a company like GE you have most likely have to do things their way, I would bet that any type of pr would have to go through an internal compliance check with GE. They have a 1000 business partners, they are not going to let them release random statements without knowing whats in them.
Also dont forget, the companies they are doing business with do there own due diligence, they are not going to partner with somone that is going to be in financial trouble in a month.
Weak hands that bought on speculation were shaken out yesterday and today. Maybe more tommorrow, who knows. This company is headed in the right direction. Lets just hope we can tread water here until shakes out.
...all in my opinion.
NASDAQ Level II provides real time data on NASDAQ stocks only. Real-time info on other exchanges is somewhat different, although on the display screen you see (quote box), it will look the same, just fewer market participants. I would just call a CSR rep at Scott trade and ask them to help you find the AMEX subscription agreement on the site. It should be free and it should be on the site somewhere.
Not all, go right ahead. The service rep you spoke with should of realized you needed to sign a subscription agreement to access real-time data.
I would think there would be something under you personal profile or some section that says forms and agreements where you can print and sign or 'e-sign'.
AMEX, NYSE, Options and Commoditities do not have Markets Makers. Trades are routed to exchange specialists who manage order flow. PACX and CINN are also exchanges that will post a specialist. You can dont have to place trades through the specialist, you can place trades through an ECN. The software that online broker/dealers use will route your order automatically to get you the best price.
Per NASD regulations, in order to recieve real-time quotes on listed securities, you need to fill out a subscription agreement. AMEX can be done electronically with some firms, just like NASDAQ. I use Ameritrade and with them you actually have to sign the subscription agreement and fax it back. Hope that helps.
Nope, CINN is there. Nice to see new players in the game. Smaller exchange, dont see them too much. AMEX is dropping the hammer right now by the way, very annoying.
yup, good call. I just picked up a few shares here.