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Price correction is complete. Time for a new chapter. This stock reminds me of VKNG circa Oct 2009. Will history repeat?
Even if the O/S is 109 mill this stock is cheap.
Dont forget about the investors whose strike price was at 90cents. I suspect thats why the price bounced off 90cents today.
So approx 109 mill market cap. We are undervalued today and way undervalued considering future value!
So lets just say they have all been exercised and are in the float. What would that make the market cap... more than 140mill w/ plenty of working capital? Still worth more.
Thank you. Of course theyre going to print shares, theres a huge market for them at these prices. Thats wjhy mms have the bid/ask boxed in. Last call for a piece of the action.
Its all about future value & a proven technology w/ additional potential.
This is one bag you want to hold!
What pps did the investor pay?
that's a lot...will make this play all the more interesting.
This is interesting: "FINRA's short volume report shows more than 50% of the volume yesterday was from short trades. It will be very interesting to see how this one plays out."
comes from the following opinion website which is typically bearish on pink stocks:http://www.hotstocked.com/article/11782/solos-endoscopy-inc-pink-sndy-flies-two.html
that is a lot to be short on a low floater.
Tried so hard to buy those 17s
Could be a short cover
Look at the accumilation line...its almost off the chart...it tells the story i think. We are also working against 6 day losing streak for the broader markets. All n all were are in good shape.
According to that link the r/s has been rescinded...is that possible?
http://otcbb.com/asp/dividend.asp?sym_id=ICBU&dDate=10/11/2010&sDateType=ex_date
Someone is absorbing the shares at .001
DOMS is on the ask...thats new.
It will be interesting to see how many shares were sold short...especially given how stubborn .01 was to break
If we break that 50dma @ .035 we should really pop from there
Interesting...MM JSUP is gone
Buy now ask questions later, LOL!
There was an additional PR release on the stock buyback about an hour ago that may be contributing to the buying pressure...http://www.benzinga.com/press-releases/10/05/c305873/buybacks-southwest-resources-authorizes-6-month-repurchase-on-naked-sho
and now the bid/ask is boxed-in by JSUP which to me signals the defining moment of where we might proceed from here once volume resumes.
Hard to say, but if this ever tests .12cents again in the near future someone will get an extremely nice return on their investment from these levels.
ETLS experienced a similar short selling attack. Low floater that was shorted all the way down to .0015 then bounced hard to near .005 on short covering. It was slow and painful day after day sink of 50%+ short sells through mid April before the covering finally kicked in. Patience and calculated buys are required to survive this type of trade. 175%+ return was made in 5 days for those who played it correctly.
so their strategy is to sell these non-existent shares at the bid in order to crash the price to a level that they're comfortable covering at? Hence, naked short-selling?
51% short. Does that mean 51% of the shares sold today did not come from real broker inventory? Phantom shares so to speak?
How "real" are these .0035?
How "real" are these .0035?
Strangest print sequence!?!?!
Major Media Announcement = SuperBowl Commercial!?!?!
Wouldn't that be something.
If we could just break .054
no one wants to sell below a penny
.45 cent retrace was in order based on technicals
NITE boxing in the bid/ask was another indicator
Those 111 trade blocks are the strangest thing.
What screen do you see your shares in? I have etrade and still see the same quantity in my portfolio view.
I wonder if this is a bit of a short squeeze in that shorts have to cover before the f/s shares are settled and distributed?
Is there some kind of conversion occurring at .06 cents? It just won't break that resistance. How many shares can there be for sale at that level?
Interesting find re SHO list.
What does this tell us about IMSC besides brokers are trading more shares than there are even available?
DD question for the experts.
After doing some DD on OPMG, I have found that they are on Regulation SHO Theshold List: http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold
So what does this tell us about OPMG?
Obviously more shares are trading hands than there are fundamentally available.
Is the SHO listing related to the prospect of dilution in some manner?
What is the likelihood of a short squeeze?
Any insight is welcome.
Thanks in advance.