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Watch CIT very closely...
If this fails it is very very bad for our economy... and the market can not absorb their clients...
Ugh this is scary....
I don't think people understand the systemic risk this company failing could cause...
The market can't absorb their clients....
not sure what's going to happen here... imho
but it's not going to be good if this fails...
getting the nice little pull back...
interesting play...
got it on my radar thanks
huge number of share short....
and a really bad flu\ cold season coming...
should get a bit of a pop...
anything under $25.5 is undervalued imho...
daily chart looks like it is nearing a bottom but the weekly chart needs to come down a bit...
already own a healthy position here, but will add if I can get anything under 25
well soo much for that theory....
dollar is up and so is the market...
this tape just doesn't want to go down...
looks like the dollar is gaining against the yen...
if this continues into the us market we should get a nice pull back day...
when the dollar squeeze will happen is not known but it'd be nice to get that over with...
Can the market go down already... I'd like a down day
I wonder what happens once the shorts in the dollar get squeezed...
that could be the correction we want... but what triggers that? who knows?
can the dollar push much lower, it's such a crowded trade...
man this market does not want to let these health care stocks pop...
if only health care talks could be done with already... so we can push higher...
would love for a quick pull back to about 49 ish so I can really load the boat before earnings...
IMHO people are staying away from walmart because they aren't giving monthly guidance...
traders want and crave info... but Walmart has lagged... why? is it because their sales have lagged? or because traders haven't gotten their crack fix ie monthly guidance....
no not really.
I've been building a position here...
weekly chart looking interesting imho
This isn't correctly priced imo needs to be in the 55-60 range... building shares down here to sell in that range...
short squeeze maybe?
OS is 157 million shares as per scottrade...
but Short interest is 16.74%
it also could be some institutional holders buying in... who knows...
what is going on here??
"Citi (C) raised its price target on shares of Vonage (VG), from 50 cents, all the way to a dollar 50, but maintained its rating at "hold". "
this stock has shown some nice support in the 66 level... bounced off it twice... nice to see
Regulation sho is a list\organization which monitors Fails to delivers of stock...
http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold
see it takes time for trader A to send trader B the stock they just sold, normally is suppose to be done 3 days after the trade... if it isn't sent in that time it is considered a Fail to deliver...
Fails can be created by long sales who don't deliver their certs, or short sales who don't borrow their certs...
Regulation sho was set up to monitor this and make sure someone wasn't gaming the system ie selling stock they didn't have... so if it goes long enough they are forced to deliver their shares... or buy shares to deliver...
Looking very interesting.... imho
Are we really going to get off oil in the next 10 years???
and aren't China, india, brazil, and now hints of Africa starting to show huge growth and demanding for more oil...
Plus the government is printing money and destroying the dollar... and even appear to want a weaker dollar...
shouldn't this all mean for higher oil prices??
Looks like it might pull back a bit more, but might be a good time to put some of this into a portfolio imho
if this starts to go up, and there is a rally in the baltic dry index... I will become much much more bullish on the economy and the market as a whole...
If you see a recovery of the economy this is where the money is going to be made going forward imho
well it doesn't look like anyone wants to let you short these days...
guess we are going to have to play the market long... until the Dollar no longer is what moves the market...
institutional holdings of ehth
http://www.nasdaq.com/asp/holdings.asp?symbol=EHTH&selected=EHTH&FormType=Institutional
85.5%
130 holders
24 new holdings
70 increased positions
52 decreased positions
I don't think there are any public share holders... but I could be wrong...
i don't think there has ever been a trade of the stock...
I have no idea why SM set it up this way... but it is what it is... it appears to be a public company, they report like a public company but they don't have public share holders... very bizarre
So by suspending the stock
and saying
"SEC Cites Questions About Accuracy Of Sales, Order Information, Rev"
what is that calling spng? just trying to get an idea.
and what good has waiting done?
have those who have waited done well here?
what are my shares worth that I hold right now?
anything?
who's going to buy the stock IF it opens again???
How many shares have traded this week? and why?
what happened please what's your take on this...
No you know you are right... Good companies always have the SEC come in subpoena them and then after they have these documents can't figure out where any of the orders, revenues or sales are coming from..
I'm sure there is a great explanation for this... Can you think of a stand up company that has had this happen to them?? just one?
it's not me that I'd want money for...
It's for the people who invested way too much into this stock....
but I guess I should assume that there is no way to rectify this and let them get away with this all...
fyi I still own shares...
and am negative...
hey maybe the sec is wrong after looking over key documents for the past two weeks...
if so I will eat crow again...
but I'll ask you this... Are you willing to even pay .04 cents a share for my shares right now? if so I'd gladly sell them to you...
we shall see what happens... I wonder if any ambulance chaser type lawyers show up on these boards asking us about getting together a class action suit...
The only way B is correct is if there is a naked short position...
Now how do we know there is a naked short position, from rumors and from reports which are under question by the SEC...
So my guess is A when this turns out to be a scam.... the share holders will lose the most here.
10 days isn't very long... it'd most likely take that long to get a class action suit together
now is the time to start to talk about it with lawyers
my guess is you could easily find someone to do this for the share holders and only charge us if we won...
well then it would be in the interest of the share holders to do that and to file it asap ...
so that others don't get in line before us...
so it makes the most sense to get your lawsuit in quickly before others get a chance to get their money...
I wonder if individuals who lost money say that bought in at .20 and sold at .10 would be able to recoup their losses as well from them as the reason for the decline was their cooked books or fraudulent reports...
i would agree with ya although the SEC has stepped in...
clearly there is something going on... that far outweighs them just being late to file for an honest mistake...
ha it is looking like the share holders are going to need a lawyer now doesn't it?
but where does that money go?
oh no sorry I forgot the SEC does all this just to get the weak hands to sell...
Would you be willing to pay today .05 cents a share for my shares?
would you be willing to pay .03 cents a share?
my question is what liability do these guys have if they transfered a lot of capital to other companies...
for example Moskowitz bought Metter's radio station for some absurd amount of money...
if they are guilty at what point are they and their other companies liable...
because it is my guess they have long cleared any if all money they got out of SPNG
SpongeTech Delivery Systems, Inc.; Order of Suspension of Trading
88 minutes ago - Find Government Press Releases
October 5, 2009.
It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of SpongeTech Delivery Systems, Inc. ("SpongeTech") because questions have arisen regarding the accuracy of assertions in press releases to investors and in periodic reports filed with the Commission concerning, among other things: (1) The amount of sales and customer orders received by the company; (2) the company's investment agreements; and (3) the company's revenues as reported in its financial statements. In addition, SpongeTech has not filed any periodic reports with the Commission since the period ended February 28, 2009.
The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company.
Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed company is suspended for the period from 9:30 a.m. EDT, on October 5, 2009 through 11:59 p.m. EDT, on October 16, 2009.
By the Commission.
Elizabeth M. Murphy,
Secretary.
Citation: "74 FR 51626"
Document Number: "File No. 500-1"
Federal Register Page Number: "51626"
"Notices"
as of 82 mins ago...
"It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of SpongeTech Delivery Systems, Inc. ("SpongeTech") because questions have arisen regarding the accuracy of assertions in press releases to investors and in periodic reports filed with the Commission concerning, among other things: (1) The amount of sales and customer orders received by the company; (2) the company's investment agreements; and (3) the company's revenues as reported in its financial statements. In addition, SpongeTech has not filed any periodic reports with the Commission since the period ended February 28, 2009."
this is coming from the SEC...