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7 month anniversary of this news.
Wow, that is a long time to wait for more news. 7 months....
Somatic Systems, Inc. Expands to New Midwest Campus for Professional Training Program
Date : 11/03/2010 @ 9:18AM
The only way you could say TDAmeritrade doesn't have its act together is if every stock was having trouble with its chart. That is not the case. SMAS' chart hasn't been updated in 6 months, this usually happens when a company goes the opposite of progress.
...a TDameritrade chart that hasn't been updated in almost 6 months and 'Volume', below .0001, with zero value (could be the company dumping, or people having smas removed from their portfolios).
Not progress, failure...
Stock market is down 5 weeks in a row, will this again be used as an excuse why smas isn't doing well? Hahaha, this company isn't delisted yet? What is taking them so long? Time to delist this 'public company'. No PRs, nothing.
Again, i place no value on that volume under .0001. I don't care if it is on level 10, 9 or 8 or II. I place no value on that volume because it is under .0001.
I value the updated chart over level II. You value, i assume, level II over an updated chart. I personally do not value volume below .0001 with no chart update. To each their own.
Again, if you want to value the 'volume' this year, go ahead. I won't value volume until the chart is updated on tdameritrade.
I define a real trade at .0001 or above, anything below that is shady to me. If you want to place a higher value than that on volume under .0001, go ahead.
IHUB charts are recording volume in a general way, i'll trust the more specific tdameritrade, who doesn't update the chart until a real trade is made.
IHUB charts are not as official as TDAmeritrade, since trades are placed through TDAmeritrade and not through IHUB.
IHUB charts are not as official as TDAmeritrade, since trades are placed through TDAmeritrade and not through IHUB. IHUB charts are recording volume in a general way, i'll trust the more specific tdameritrade, who doesn't update the chart until a real trade is made.
I define a real trade at .0001 or above, anything below that is shady to me. If you want to place a higher value than that on volume under .0001, go ahead.
Again, if you want to value the 'volume' this year, go ahead. I won't value volume until the chart is updated on tdameritrade.
If you want to place value on that 'volume' below .0001, by all means go ahead. I place more value on updated charts from a trusted broker, than 'volume' recorded on a stock website. Whether level 2 has it or not, I place more value on updated charts. That's just me, if you want to go into level 2 and place value on trades at .0000 go ahead.
Again, an investor will look for an updated chart, if there is no updated chart then there will be no trades above .0001. An investor is going to trust tdameritrade charts over IHUB charts that fail to distinguish the value of the volume. Tdameritrade updates charts on valid volume, trades above .0001. Phantom volume, volume under .0001, does not count, but we'll agree to disagree on that.
There has been volume but no valid trades. I consider a valid trade above .0001, not the 13 million shares a broker gives to a market maker under the table in exchange for a ride home or lunch for 10 dollars. We will agree to disagree on the importance of this 'volume' then.
Only when talking about SMAS would the fact be that there are no market makers ... be construed and spun as some sort of positive. Hopefully the SEC sees that this scam just will never give up.
Shares traded under the table for pennies on the dollar, under .0001 are irrelevant and don't count as trades. Trades are a buyer and a seller, not someone trading 13 million shares for a cheeseburger at the corporate brunch. This stock is not doing anything, wait until they do something to sniff at this stock again.
And if they count volume of tax loss takers, then your entire theory is moot. Unless Smas does something, the conversation wasn't worth having in the first place, other than to note the fact that the tdameritrade charts have not updated since 12/15/2010.
I really don't understand how you can take a stock seriously if one of the biggest brokers on earth hasn't even updated the chart in 5 months.
Correct, there are no market makers and since there is no verified chart update, there is no broker that allows trades under .0001, so in conclusion that volume either is brokers friends buying for the price of a hamburger, or it is simply people asking to have the stocks moved from their portfolio for tax purposes, taking a tax loss.
Either way, nothing to sniff at.
I will be the market maker, you be the market maker's 'guy who buys extra shares at below .0001:
Me: "Hey i got 13 million shares to sell, do you got 10 dollars on you?"
You: "Yeah, here is a ten dollar bill, can I have my shares now?"
Me: "Sure, this volume below .0001 is so great isn't it?"
You: "I really don't care, it is 10 dollars. Now it is your turn to buy me lunch."
See, nothing to sniff at.
If SMAS dumps are what occurred, and not removal from the portfolios of common traders for tax purposes, then someone, not a common investor, but someone the market makers can connect to, who is willing to take them at pennies on the dollar now has the shares. Here is why it isn't something to be proud of:
13 million shares at .0000000001 is .13 cents or 1.13, or 11.13, again, if the market maker goes to somebody and says, "hey can i give you 13 million shares for the price of a cheeseburger? Do me a favor will ya" of course some buddy of theirs will buy them, but not something to sniff at for this long of a discussion.
I personally would wait until SMAS does something before bringing up anything remotely positive about this company again.
In closing, this stock has not traded since 12/15/2010, 5 months without a single trade, that is poor on many levels, failure on all levels.
"Call it anything you like. It's SMAS volume. On the gray market, when brokers find a buy order that exactly matches a sell order, the trade is made."
But brokers can't find a buy order under .0001, so its volume, yes, but dumps by the company below .0001. Dumps can be volume, but they are not trades, therefore nothing to sniff at.
I agree, the smas share dumping to pay a few bills has been settled.
Yes very lucky, too bad the SEC hasn't done anything about this CEO yet.
"Thirteen million shares SMAS traded in 2011. It's on Level II. It's right there in the chart on this very board."
There can be volume without trades having occurred, for example, dumps below .0001. No trader can buy and sell below .0001, because those trades are not allowed. Therefore, it is dumps. Again, not trades. 12/15/2010 was the last trade. That was 5 and a half months ago.
"Over thirteen million shares have traded this year."
No shares have traded this year. No shares have traded since 12/15/2010. The volume you are posting is below .0001, which means it is 'dumps' not 'trades'.
The common investor cannot trade below .0001, therfore it is company dumps or people removing smas from their portolios that produce the 'volume', if you want to call it volume. Still irrelevant volume.
What the purpose is of defending this company, who knows.
If a person cannot buy or sell below .0001, then there is no volume since 12/15/2010, share dumps and removals for tax purposes do not count as volume.
This stock has not done anything, so any defense of this stock should wait until a PR is released.
TDAmeritrade charts not updated since 12/15/2010, people who want to trade this stock are looking at a chart that isn't updated, they aren't going to go to IHUB and say, "oh its updated on IHUB, so its ok to buy now."
Again, if someone is removing smas from their portfolio for tax reasons, that isn't a trade, it is volume at zero. That doesn't count and is not included on brokerage charts for that reason.
Sorry but an IHUB chart does not count, and everybody knows the difference between an IHUB chart and an actual broker, and which one is the official chart.
Correct, "You are stating the verifiable 'facts'", and although they are verifiable, those 'facts' have still yet to be verified.
Many facts, going back centuries, are still to this day only 'verifiable', not verified though.
The last recorded volume and chart update by TDAmeritrade is 12/15/2010. The current chart on one of the biggest financial brokers on earth does not reflect a chart update past 12/15/2010.
Secondary volume recorders are recording the volume, whether it is verified or not, because those secondary sites are not as sophisticated and see any volume as recordable and chart worthy.
I think you should re sticky my post until an actual brokerage house confirms volume.
The phantom volume can actually be older volume showing up again because the stock needs to verify to the system that it hasn't been delisted due to inactivity. The volume you guys are talking about it irrelevant and probably not even actual trading of any sort, not even below .0001. Call up your broker and ask about these points.
With news, i'm going to trust AP or reuters before I trust somebody's blog, so i'll trust there has been volume when an actual broker records it and updates the chart.
Somatic Systems (GM CE) (SMAS) Has anyone seen the (GM CE) next to Somatic Systems before? I don't think i've seen that included in the quote before. What does (GM CE) mean?
Brokerages record actual volume, the volume that you guys are talking about is unverified. For example, that volume could be just people removing the stock from their portfolio for tax reasons, and without filings, PRs or any revenue that is tangible, meaning that we the shareholders know about it, it is just an irrelevant conversation anyway. When TD ameritrade and not 'investorshub volume tracker' updates its charts, then i'll consider that verified. You want to trust some low level volume tracker that isn't as official, go ahead.
The last volume recorded and last chart update on TdAmeritrade for SMAS is 12/15/2010 at 11:19 a.m. I go there to trade, not to some secondary website or secondary volume tracker.
I submitted off topic posts as TOS violations, they were clearly off topic, some were multiple violators of the TOS, yet none were permanently banned. The stock was pumped up to .001 and pumped still as the stock has dropped to .0002 x.0003 leaving innocent newbie traders holding the bag on PRPM. The moderators who did the pumping for Askblasters have left their moderator posts and have not posted again, and I am here in Jail for trying to stop all this BS from happening, yet I was continiously banned for a few days at a time where only a few posters were banned for maybe a day at a time for their multiple TOS violations.
don't like the rules? The Admins of this site are arbitrary with who they apply the rules to. That is the problem. They make excuses for the pumpers and not for people like me who look at the situation objectively. Now people are holding the bag on PRPM and their excuse now is, "well there are a lot of boards to moderate we can't get to all of them". Yeah, nice try.
Did the guy even show up to court?
"Contempt of court is a court order which, in the context of a court trial or hearing, declares a person or organization to have disobeyed or been disrespectful of the court's authority. Often referred to simply as "contempt," such as a person "held in contempt," it is the judge's strongest power to impose sanctions for acts which disrupt the court's normal process.
A finding of contempt of court may result from a failure to obey a lawful order of a court, showing disrespect for the judge, disruption of the proceedings through poor behaviour, or publication of material deemed likely to jeopardize a fair trial. A judge may impose sanctions such as a fine or jail for someone found guilty of contempt of court. Judges in common law systems usually have more extensive power to declare someone in contempt than judges in civil law systems. The client or person must be proven to be guilty before he/she will be punished.
In civil cases involving disputes between private citizens, the behaviour resulting in the ruling is often directed at one of the parties involved rather than at the court directly.
A person found in contempt of court is called a "contemnor." To prove contempt, the prosecutor or complainant must prove the four elements of contempt:
Existence of a lawful order
The contemnor's knowledge of the order
The contemnor's ability to comply
The contemnor's failure to comply"
http://en.wikipedia.org/wiki/Contempt_of_court
So when is the next date we have to look forward to, June? Mid month or so? What happens if you are found in contempt of court, doesn't that mean he didn't even show up.
Last recorded volume by TDA is 11:19 A.M, 12/15/2010. So i'm not sure why it showed up as 2 million yesterday. Chart still not updated on TDAmeritrade. Today this stock opened at zero, has no bid or ask on TDAmeritrade and no updated chart. That is sucess, looking good going forward/sarcasm.
2,000,000 in volume today, lets see if the chart updates or if this is more of that 'phantom volume'.
Yup, depends on how clean the shell is.
This joke is still trading too? Some scams never give up. How many reverse splits do people have to do before it is common knowledge.