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Added 6600 at $0.37...looking for round number here. Now 111600
U CRACK ME UP. My AVG is $0.316 on 105000 shares. Up over $8000 already and I HAVEN'T SEEN NOTHING YET
Insulting to think some fool shorted at $0.30. And even more scandalizing is that someone is probably paying him to trade with their money.
MASTERTRADER - Congrats. Just got to my office late and saw this. Now someone would tell me I should not be paid in this business. Holding all 105000 shares intact. I told you I will get 600%. Don't forget that I said the short was DEMENTED or likes throwing away money into the wind. YOU AIN'T SEEN NOTHING YET. THIS WILL FLY PAST $1 early next week. Shorts will start covering around $0.65 and that's when the fly begins. For now, let's let them short more. The more they short, the more we make.
CAUTION:
I BUY when it is cheap, I SELL when it is at value, I short when it is expensive. I AM A BUYER HERE - although I hold more than enough for my portfolio now.
One of those articles said Bruce was studying the script already - it's almost a done deal. You buy the rumour if bruce is why you are here and sell the news when it is reported. This will go $1 with or without Bruce. With him though, $5 is a given
Remember that $0.55? I thought it was strange but cool. But I didn't have any problem buying more and more, just cannot see why the sell down here or at all. People play strange games in this business. I like the pipeline here and will hold this for quite a little more than usual. Looking at several hundred percent here by March 2012
Honestly, this ran up because some people wanted to hold it above $1 for a while to satisfy minimum list-price rules. I can't think of any other reason.
Pros:
**A penny of earnings prior to second and last share issue
**Knocked down debt
Cons
**A neagtive ER if you factor in all share issues
** Tons of new shares - 77,500,000
** Worst yearly quarter coming up
** Company is an operator for the real owners of the Plants. So movement of Ethanol prices does not necessarily translate into more profit
** Desperation in pumping - paid pumpers I would say
** Until next ER and MD&A, Don't think stock is worth more than $0.80 - $1.00 (premium at $1)
BY THE WAY, I covered those shorts at $1.29. A little too early, but I am not greedy. Will try to do it again
Bullmarket2222 are you there? Heading my way faster than I thought. Again, as I said earlier, MY GIRLFRIEND COOKED RICE THIS MORNING WITH ETHANOL. It was so DEEEEELLLIIICCCIOUUUSSSS
When you are the only one singing at a public square, you are either a pro or you have mental issue. The selling here is coming from only one source..everyone else is a buyer (but not chasing it). So, the seller is either Beethoven, or a mental flop. I think the later - because I could not detect a scintilla of smartness in the sales. Just someone that happens to have some money SHOWING OFF. But we all want some of that money as cheaply as we can get it. Still waiting with 10k bid at $0.26, but I supported the bid at $0.29 (another 3700)
Just added more bid at $0.28..just helping this psycho
One hell of a nightmare here. It's like entering a taxi full of armed robbers. Sold off to only 3000.
I did not say it would go there today. Go reread the post. True to my word, I shorted 10000 at $1.55. Will do it again at $1.67
Ok. Just opened a short position @ $1.55
Like the semantics. Just saying it is what will happen. Want to avoid all the name-calling and stuff...like when the Pope tells you something - it is what it is. Stock has ran up repeatedly on the same reason...a penny in earnings, $35 million of debt converted to stock. Convertees got shares at $0.56-$0.75. CEO bought at $0.72 but got tons at lower price or no price, so either way, they have made over 100% through Microstopicks touts. I'm sure the covertees have all sold. Or they are dumb. Yes, company is now debt free, but it is about to enter its weakest quarter. Besides, it now has a whopping 77.5 million shares. And it is up over 400%???? Forget all these late-comers, I got in long at $0.36. Sold out at %0.66, got back in at $0.75 after the CEO buy-in, and sold at $1.45. Went short at $1.61, shorted more at $1.80. Covered at $1.34, WILL SHORT TODAY AT $1.40 or ABOVE.
THAT'S WHAT IT IS
Someone offering loads of free cash - that's what it is like buying this down here. If I don't have a truckload alreasy, I'd be loading up. Although I plan to put in a bid of 10000 at $0.26 at open in case it drops back there again.
My girl cooked rice with Ethanol today - just as everyone in the US does this days. Lol! Hope to open up another 10000 short at the first spike to $1.40. It will retest $1 or lower. NO bashing - just what it is.
Tacos and snake oil - don't hate! Use your head
Covered entire 14000 short at $1.34. Great day. I short - 7000 at $1.61 and another 7000 at $1.80. I knew there was no way this thing closed above $1.50. Almost 500% run in a week? Kidding me. Retiring debt and CEO buying do not worth that much premium. There was massive dilution to begin with. So the run was mostly for ethanol. But the company only made a penny last qtr and the december qtr is normally its weakest. Besides, it is mostly an operator for the real owners. So, IMO opportunity was created for those that converted debt at $0.63 or so to dump at 100% profit. I was long, sold at $1.45, then quickly thought shorting would pay. After I shorted 7000 at $1.61, I posted here that I would cover it at $1.85. Some Funds took that word for it and sent it up there. I shorted another 7000 at $1.80. And now, I made as much as everyone else. Let's do it again tommorrow!
No, I got about 6000 at $0.44 ust to open. I got about 60 at $0.345 or better, and got the rest less than $0.33. Actually I got 30000 today at or less than $0.30. So, I am pretty comfy with this. Again, the selling and/or shorting is absurd and a little incongruos.
You are right. I got a little too at $0.325, but thought the seller is determined to make a stand. I thought $0.29 was doable and so I stayed for $0.30. Didn't foresee $0.26 retest. But, I tell you, must be one pissed-off seller. Because i cannot see what he stood to gain. Just more losses. This thing would go past $0.40 under all and any condition....you name it - bankruptcy, restatements, etc etc. Look at the copyrights? $4 million mkt cap against over $35 million in copyrights and holdings. Even if I bot this at $0.68 on its recent High, I would still be adding down here because it is going past it. JMHO
Intentionally retested $0.26 lows - just for a game show? Silly wall street gimmick. I occupied 30000 more shares.
OK, MKT CAP Now is less than $4 mln. So what makes some fool think he's gonna strike it big by shorting here? Just bot my last 30000 at $0.31 - now holding 100,000
wEaReLeGion - I see your panic. I would too, if I were you. How much did you short. Hopefully you'd be wise to cover under $0.50.
yes. It'll touch $2. Looking at shorting more at $1.80. Holding 7000 short at $1.61. Swimming against the tide here but I have to make up for selling too early. It will get down
Just saw bid for over 200,000 at $0.33
Took a chance...shorted 7400 at $1.60. If it goes to $1.85, I will get cover
YOU DON'T TOUCH A STOCK THAT IS UP 400% IN ONE MONTH
possibly right, but with such a huge run, it is no-no for me now until sellers clear.
SELL THE NEWS..I am fully out at $1.45. Looking to short. It will retest $1.10 or lower before continuing up (if Ethanol prices keep moving and next qtr is good.) Will short a little it it crossed $1.50. Just what it is...no bashing.
Managed to add another 4300 under $0.33. Now have $35000 here or over 70,000 shares
I LIKE SHORTS ... Without them, it does not run hard. Remember It ran over $5 less than 4 months ago
Look at PEIX. When some idiot was shorting it at $0.36 jus two weeks ago, he was beating his chest. Today, it hit $1.38 - funny right. But that is it. Shorting does not indicate any superior knowledge. Most times, you know better.I sold my PEIX too early though...still made over 90%
THIS IS FROM THE CEO, NOT ME:
"I also would like to address the recent substantial decline in the Company's stock price. As of the market close on June 1, 2011, SAPX stock was trading at approximately $3.00 per share. Since then, we have witnessed a sharp decline from that level. Like you, I have been deeply concerned over this unwarranted shift in our stock valuation.
Management does not believe that this decrease in stock price is related to any specific adverse event regarding the Company, nor do we believe that it is representative of the Company's operations or financial condition, both of which have improved during this time. We have received reports from stockholders and others of "manipulation" or short-selling of our common stock in violation of applicable securities rules and regulations. We have contacted the relevant regulatory authorities on this matter."
A TALE OF TWO ZACKS' PICKS PEIX-SAPX
Who would believe that I bought tons of PEIX at $0.36, sold it at $0.66, bought SAPX at $0.42/44 and has since been languishing here. PEIX is now over $1. Meanwhile SAPX is languishing. Yes it is a small issue, but with all the stuff SAPX is rolling out there, WHY IS SOMEONE WITH CASH NOT SEEING THE ENERMOUS OPPORTUNITY HERE????? And why is someone with money making it a priority to keep the stock down - even if they sustain heavy losses???? WHY?
NOTE: That Zacks has a target price of $3 on PEIX, but $4 on our SAPX
some fool with cash ---- he was vanquished
Who wanted a new 52week low? You got it! Be careful what you wish for.
Imagine being permitted to raise millions from US taxpayers and then being told - "ok, stop, take whatever you raised already and get lost." That is what the SEC action is all about - unless they are able to get some kind of settlement from Longtop that makes the defrauded investors whole in part of in full
Just a little more time here. Nothing will come out of here IMO. I got 5000 at $0.11 because I believe some fool will take it to $0.15 (after it hits $0.09) sometime on a pump and dumpt run. I will sell at $0.15 if that opportunity comes. If it does not, I will sell it at $0.075
Pegaso, is there any reason you posted this? Translated this and it is the same stuff we have been reading since yesterday. Or did you just want us to read the traditional chinese translate version?
OTC Markets CEO Criticizes the SEC ACTION
Posted on dowjnes.com.
And that is exactly my point. Who will benefit from the SEC action to delist any of these Chinese companies? THE INDIVIDUAL FRAUDSTERS! The SEC would essentially be rewarding them by wiping out shareholders. Just the same way the SEC mislead US investors by permitting these companies to list without vetting the paperwork they presented. Who is the SEC working for here. The more I think of it, the more I think the SEC and some of these govt agencies really need to examine some of the stuff they do. Here you are trying to say ..OK, since we cannot get access to your documents, keep the money you already got from US taxpayers." WOuld really like another view on this because it is driving me nuts...thinking about writing to the SEC to find out what would be derived from actions like this. "Protect investors?" But you already failed, and there is residual assets here. How do you help investors to get those residual assets and recoup some losses????
The funny thing is that this thing ought to go up today instead of down. Filing the charge is the last stage and last armour the SEC weilds. A settlement is usually reached as the company would respond and show some plan. Visit similar cases. Besides, the SEC is only using Longtop as a test case for the several Chinese firms out there that have not filed anything due to the accting issues this year. I was long 3000 and added 17000 this am
ALL THAT GLITTERS ARE NOT GOLD
*****************************
All that glitters are not gold
Often have you heard that told
Many a man his life has sold
Fare thee well thy suit is cold
Just my humble ode to all you Longtoppers
The funny thing about all the sales is that it appears to be coming from one source or two. Which indicates either extreme game-playing by someone fantasizing about an idea or insider manipulation. Now, as far as we know, insiders have been creating value here - and even announcing Zacks. Which means that the selling is not from any insider. It is from a short with a lot of money to lose. HEDGE FUND. Keep those shares and do like I do...add on every 1 cent dip if you can. We are heading past $1 shortly.
Funny - just looked at my position...66600. That seems like 666 . Now, because it has the two zeros, I do not think if is 666, but I do think it is an inversion of Cain's 999 tax plan. Getting some 14000 next