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It was never 8000 per share. That pps is shown relative to the multiple r/s that occurred. Nice chart been posting about SNDY for a few weeks over on Stockmarketcats once I saw the volume spike. Nice close and looking to head toward the .01 resistance!
Thanks you, yea that could definitely be a cause for the downturn as well. Will be interesting to see how this one plays out. GL
Thanks and I agree with what you're saying. When posed with the question of, why did this drop? That is just my only explanation.
If thats what needed to meet requirements a lot of investors will see it as inefficiency. The O/S was diluted by over 100 million shares in 6 months, its normal for a penny, but thats the problem. Most pennies are nothing special.
There are other parts of the financial that look good, but I think dilution of any kind creates a big red flag.
Be nice to see it close over .0055 and keep the uptrend intact. Could see a pop after the big sell off.
Check out my post right below yours. I believe it has to do with the issuance of the net 127,399,999 shares for the six months ended June 30, 2012.
I agree the Debt/Asset ratio shows improvement and a general look at the Financials indicate improvement over 2011. I think the negative reaction is due to the increase in shares issued, keep that in mind. Cash was generated by selling stock (dilution).
Broke the 20 day MA today on higher than average volume. Keep the trend over that 20 day MA and we could start seeing a base and uptrend form. Need to get some technical traders to find this chart. MACD has also flipped to the positive side and RSI is trending upward.
Thoughts on why MF dropped on sale news?
Wasnt the market already aware a sale may be pending? Also, thoughts on what a sale of the Futures Unit will bring to the PPS.
some accumulation at .39, but need some ask hits to keep this one going.
.42 hit. break this and could try for .45 again, break that and well...you guys know the rest.
Could get interesting if we see some green here. So close
Buyers moving the ask. Get this thing green and anything is possible.
need some buyers here to keep the upward momentum.
EDIT: There we go.
Wow ask over .35.
Just one big seller sitting at .35.
dang some big ask hits then a bid slap and down it goes.
15 minute is starting to bottom out. Need to see the bid creep higher and get some more ask hits. If this can happen then could still be ok.
if this can bottom again here at .35 it MIGHT be ok. Need to see some bids.
EDIT: just realized someone sold under .35. Good lord....
Being walked down. If .35 falls I wouldnt want to be holding...
might be out of luck on this one fellas.
Not many sellers under .40. Bottom in?
It also closed over its opening price which it hasnt done since the only green day after the big drop back on Aug 19th
The close wasnt the greatest, but Ill hold to see what happens tomorrow. God I hate holding plays like this one overnight.
Best of luck all
Its so close, look at the bid/ask.
lol I wish it were .98. Currently showing .4399.
Bid/Ask really tight again. Lets get that push!!!
Trades going off under the bid, nice....
and praying haha. I grabbed some for another flip, but not so sure I like it without that .45 break!
Im seeing accumulation at the bid. Be nice if it gets over that .45 to give that extra boost of confidence overnight and get the TAs to see this play due to the breakout over resistance.
bid/ask getting tighter. Good sign.
Needs some more volume.
Lots of eyes watching for that .45 break. If so this could REALLY move, like .50+ close I believe. .46+ is all it really needs.
Watch the size of the trades that bring it down now. If not so big then should be ok. As most of you have said target to break is .45. If so could trend up tomorrow.
100k bid at .40 and 50k bid at .4001. Now bid is .4002. They are hiding the bid for some reason...
Back for another potential flip.
Need to reiterate how risky this play is, just use caution.
That being said, anyone else just see the 100,000 on the bid being flashed just now? big order lining up?
Yea I sold my stake at an avg of 1.12 earlier today. With a good close today this could continue into next week. I plan on riding it once again if thats the case. Congrats and as you said, time to celebrate!
What a day ladies and gents and nice close. Could see more next week. To all the guys buying with me in the .50s, well done!
Sold half holding the rest to see where we settle. Wow fellas WOW
Congrats to all of us that stuck out the BS from yesterday (although the EOD was nice!)
Don't have L2 up, how are we looking?
Bid and Ask tight, looking like a real push coming. If .90s fall we will see our 1.00