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Was your order at the ask, or the bid? If your oder was at the ask, i see your frustration, but if you only matched the bid at 2:17, then there were most likely other people in line in front of you. Also, you were trying to do a $60 trade?
Hey Sunspotter, since you have never held a position in SPPH, I just wanted to throw in my two cents on the validity of this stock. I have owned this stock for 5 days try to do a quick play because the spread of the bid and ask was just to tempting to try. It was easy to get into the stock, but when I tried to sell it I was unable to, despite having my EXACT sell order hit.
For example, lets say the ask was .28, I would put .2798, the ask would change to .2798, then I would see a trade at .2798 and it would NOT be my order. This happened 7 times! It is very unlikely that someone submitted an order exactly the same as mine to the hundredth of a cent RIGHT BEFORE I submited my own order... The only way it seemed like I could get out was by selling at the market, which was very low at the time. I believe along with the many questions concerning the validity that you have brouht up, there should be some concerns about the market maker for this stock. IF he had received inside information about upcoming announcements, he would have wanted to load up on shares. He COULD have done this by frustrating sellers that their limit order would not get hit, making them sell at the bid, which COULD have been his. I could be very off on my assumption, but the point that something is incredibly wrong with the market maker should raise concerns for any current or potential investors with SPPH.
I was able to get out of SPPH because of this recent PR (by the way who releases a PR that announces the exact time the next PR will come out unless if it was purposely meant to pump the stock up momentarily?), but wanted to at least share this with you seeing that your the moderator.
I would love to hear your thoughts on this.
Thanks
The short volume includes whenever an mm has to take the other side of a buy order. So seeing how most of the trades today were buys, they had to take the other side of those trades because it is their job to keep an orderly and stable market. They will have to eventually buy some shares so as not to be so vulnerable to any sudden directional movements. The main point is that this number you have shown for short sales should NOT be as someone INITIATING a short trade, but rather an mm taking on the other side of the initiating buy trade. Either way in my oppinion, its a really good sign of such high short sales when almost all the trades were shown to be buys, because the market makers will have to eventually raise their bids to entice people to sell to them so as to reduce their vulnerability of being so short.
I love that my current portfolio says I am a millionaire. I was so confused at first haha
I have 200,000, possibly will add more.
just picked up those 100,000 i mentioned, now the hoping begins haha
I think im going to buy 100,000, and i might as well do it at the ask to try to give it more support. i just dont want to get TOO invested in one stock, which i fear this maybe getting to the point. but whats another 100,000.... haha
i just saw that AMSZ is the second most active message board tonight haha, just thought that that was interesting, maybe it would bring some interest over here
Would it be safe to say/estimate that for any given retail trade, an mm takes the other side? If that is the case we could find out how their positions are actually changing. Like for today, they shorted 2,449,250 shares, but if they were on the opposite side of the 824,450 retail sells, then they bought 824,450 which means they are only 1624800 short. but using this thought process we might be able to get an estimate of what in total they are actually short (i know some have estimated 20 million but i wasnt sure how they came about that number...)
The 50 Million shares that you have talked about is not his current position. He has covered most of those shares throughout the time he has made those shorts. He is not that stupid to be 50 million short at once.
Hey Ferris, couldnt send you a private message, but I sold 1 million today. Hope everyone does well with GDHI, good luck and I will continue to follow.
Chris
First post by me, I got in on Friday with 1 million. First question is when they say they are retiring 1 billion shares, do they mean they are buying them back or retiring shares that they could possibly sell in the future? Also, does anyone have any thoughts on the sudden activity around 1:00 today. That was when the .0023s cleared and the .0024 was hit with a few million. Was it a small group of investors trying to play it and trying to make it move? I got in because I like the chart and support at current levels, do not have a current sell price and am curious to see where this could go.
Any responses would be greatly appreciated!
Chris
That would be the case, but "The new regulation will go into law in 60 days and the exchanges have 6 months to implement it." The article you posted was released Feb 26 so they can still do this for another month and a half. Maybe thats why they are overloading with shorts right now. Cause they know in a month and half they cant do it for stocks in the .000 range. This makes me think we may see VIPR collapse with more and more shorting until the deadline comes up. I sure hope not, cause Im in from .0011.
are we talking about these huge trades that happen RIGHT when the market closes, because I am still confused about whats happening, so if someone could share their oppinion that would be greatly appreciated
Just wanted to comment on that .0275 hit. I had a sell order (just a small percent of my holding) in front of that price. Twice it happened that a trade jumped over it. Something got screwy around that price area.
how so?
I have seen this a few times now and I really dont mind it, but right at the end of the day, somebody buys just a few shares at the ask. what this does is that it changes the final day graph to make it more favorable. I dont use candles or too much technical analysis, but I know that many do, and they may not realize that it closed up for the day because of a mere $125 final trade right before the market closed. I think somebody is willing to take a commision hit for an overall more appealing graph haha. Once again, I definitely do not mind it.
Dang, thats some heavy resistance, but there has been some big trades today so I am hoping for the best that news might come out today.
Flippers are back IMO. We typically did not see bids and asks go all the way to the hundredth of a cent (eg. .0203). This is typically a sign of traders trying to get in right away and then back out right away. This is unfortunate for it only suggests even more horizontal trading. We really need something soon to get us out of this trend. Will the finalization be it? idk Will our quartery report be it? most likely not since revenue has only recently been able to grow. We need some new news and not just repeat of old news IMO
Found this website which has a huge lists of possible companies it could be. Im trying to find a filter for 12 years in business, but having difficulties. Below is a sample store in Washington using the manta.com website.
http://www.manta.com/company/mm70sv6
Message 3000!! Glad to see a lot of discussion going on, it has really made me more informed.
Not very eventful today, hopefully we will hear more about the aquisition finalization tomorrow. GLTA
Pretty quiet day today, which is unfortunate because i had today off to watch any action. Hopefully, activity will jump up on monday, i feel this stock is still not well known.
Its aways good to ask questions. personally the finlization of the aquistion should go smoothly IMO because why else would the CEO purchase shares before a bad PR like that would cause if it did not.
makes sense, thanks for writing it all out haha. I guess ill have a few more days of anxiety then. Im hoping FRHV stays strong till monday. I am sure there will be heightened interest on monday if it does not come out this week.
Thanks again
makes sense, thanks for writing it all out haha. I guess ill have a few more days of anxiety then. Im hoping FRHV stays strong till monday. I am sure there will be heightened interest on monday if it does not come out this week.
Thanks again
How did you get Tuesday? The news came out on the first of December. There are 31 days in December + 29 days of January= 60.
Are you assuming like someone mentioned that it will be done within 60 but not announced until Tuesday?
Well the finalization of the LOI has to be today tomorrow or friday. thats where the money will be, also this post is my gem of hope:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44914263
Well the finalization of the LOI has to be today tomorrow or friday. thats where the money will be, also this post is my gem of hope:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44914263
i hope that wasnt the news for today, and i was wondering why he would buy some now because i initially thought it would be illegal if he bought some and then released great news BUT (emphasis on the but) everything that we think he is going to be released has already been released in some way (LOI, growth etc.) in previous news. IN other words this is completely legal for him to do because its not insider information, he is just going to ride the wave like everyone else IMO
Anything of importance to take from this 8K?
End of Day trading was very interesting, what do you guys think was the cause of it?
IVIT, has great support where it is at now, and has huge potential. check it out. this thing will move today or tomorrow IMO
IVIT, has great support where it is at now, and has huge potential. check it out. this thing will move today or tomorrow IMO
IVIT, has great support where it is at now, and has huge potential. check it out. this thing will move today or tomorrow IMO
MASP s chart is great. Past four days it has had higher highs and higher lows with a steady consistent rise, with no major resistance until .08
check out VCTY, ask is getting crushed right now
VCTY getting huge buys today, going to break .001 IMO
VCTY huge volume picking up
VCTY has huge volume today