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Good idea to ask them as long as it is done in a subtle way. So they wouldn't confirm or deny anything specific regarding CCME and it add another level of heat for the shorts.
Wouldn't surprise me. Maybe Zheng Cheng enlisted their help to pull a VW squeeze and get his payback for being disrespected on CNY.
With regards to who is selling the $5 calls, it can only be the MM I believe. There is definitely something strange going on, but only the MM can control the stock enough to accumulate enough shares to cover all those calls.
Everytime the shorts keep hitting the bid, trying to force us down they use 100k+ and barely drop us because the buying pressure holds up. I think most institutions are wating to buy until after the 10K comes out to be safe and at this point retail is either in or out already.
That's why I think it must be the MM and while I originally thought it was smart shorts getting out, I'm more inclined to believe it is now big money(in the know) that has the MM pulling the strings, because the shorts never stopped hitting the bids and history has shown with this stock that when the shorts try they do manipulate the price. But this time the MM is soaking up all the shares for the $5 calls.
Thanks for sharing that, really good to know they are spending money on a quality IR firm. I have a pretty good idea who you might be referring to and believe CCME is in very good hands.
Damn that would be 26k (only including blocks 500 and bigger) of $5 call volume in 5 trading days. 2.6 million shares for the smart short getting out or for big money with all the juicy details of what's about to go down.
3:31 2600
3:31 1000
3:34 1300
3:35 1300
Exactly, if there was anything of merit the shorts would have used it to build their case from the start without giving advance notice.
They have their backs against the wall, and the biggest indicator that they are out of good ideas was when they pulled that Deloitte watch stunt. They are praying for a delay just to minimize losses.
As always great work. I'm longing for the day when someone brings charges against Carson.
We are still on RegSHO so I guess its up. Those exercised 17k $5 calls must've finally taken care of the naked shares they sold. But still only 40k available, I think we stay on RegSHO.
Yea mid-month sounds about right:)
At this point the audit is as good as done IMO. I remember them saying they would try and get it out early and its Deloitte's job to meet deadlines.
First time they did the audit a delay was warranted since they wanted to be 100% accurate. This time around they make sure they deliver on time especially after being called out.
Still watching from the sidelines but you've had some spot on trades so far and I'm looking forward to more. Keep it up, the board marks will come:)
Its only a matter of time before this stock gets the proper respect given to its peers. I honestly believe we would be at the halfway point if not for the unforseen circumstances we faced the last few weeks.
With continued expansion in the airport segment combined with the growth of SWITOW, this company will never again see less than $3 EPS a year even including all the earnout shares.
I wonder how many competitor's have airport contracts expiring this year, because each one will become part of the CCME network.
IN and speaking of positives I think we see .90 EPS for earnings. I don't think the SWITOW start up costs will have much of an impact and believe there is a method to the madness of giving such low guidance.
I also believe that once the 10K is released later this month the big firms will be forced to acknowledge and give coverage to CCME. They can't just let one of the most profitable companies in China slip through the fingers of their big market savvy clients, they wouldn't stand for it.
Interesting another 1k block of $5 calls bought right at 4:00 also 1k of $7.50 at 3:28. At least some shorts know its time to move on.
Yes it is hard to tell, but I don't think it was shorts swapping such large lots. As to why the pps share didn't budge who is to say it didn't?
On March 1st when we dropped more than $1.5 right at the end of the day 2600 calls were bought. The next day on March 2nd before the hit piece came out about 1000 more were bought. Once the piece came out I believe the MM played a large part in our rapid recovery and bought all the shares he needed, and because more large block calls were bought (2600) he kept buying and probably bought in excess while also killing some of the put premiums.
If anyone knows whats happening in terms of the price action then it must be the MM and I have no doubt he knew exactly what the shorts were up to and prepared accordingly. Just my thoughts of course.
Yeah I saw the $5 puts right at the open and at the ask. Can't figure that one out, other than it being a speculative bet by an option trader or another method to spread FUD since we all expect a hit piece when we see big put buying, so someone may just be trying to see if it still works. It really is the only tactic with which they can scare people to sell now, after MW screwed up.
Another thought that came to mind yesterday as to why we saw the big rebound after the MW piece was because the MM sold all those calls he needed to buy the shares, and since he probably figured out what was happening he bought all he could and that's why we had such a strong rebound and why the shorts have been able to buy such big blocks of the $5 calls. But this is just my speculation though.
Now we know for sure that shorts are covering using the $5 calls. The open interest is only 1339 with 10k contracts traded yesterday.
It really makes me wonder just how many shares the shorts went naked with since we are still on RegSHO and the amount of calls exercised at this point was at least 1.5 million. I mean we can all see the blatant naked shorting but to think it could be close to a million shares worth...The shorts are really playing with fire.
So you think the MM would buy the naked calls from the shorts and then sell them back for loss later in the trading day? I don't think the MM would play that game.
I'm not sure why people think the shorts are really so stupid that they would continue to take such risks and sell naked calls in the face of a 10K release any day now, knowing full well that the jig is up and the FUD won't work anymore. If they were going to sell naked calls why not sell the $9 or $10 calls, surely if they are that confident they could easily manipulate the price down no problem why tie up money with such deep in the money calls?
The reason they are buying the $5 calls is because its the exact same (give or take 10 cents) as buying the shares in the open market, and my guess is the MM is heavy with shares. Remember if the shorts were going to sell naked then they wouldn't have started on March 1st after we dropped more than $1 from $14, they would have done it when we were above $14.
Huge blocks of $5 calls bought today.
3200@$8.80 12:23
1000@$8.40 3:09
2800@$8.40 3:11
1501@$8.30 3:37
499@8:30 3:38
Who's selling them is the question, thats 20k or 2mil shares worth on the $5 options in three days. My guess is the MM probably can afford to buy or already bought the shares with the huge premiums on all the puts that he sold. Its not shorts or longs that control the stock but the MM imo.
If the shorts were really selling naked calls then the interest would have to go up, especially considering that including today the last 3 days had 17k+ contracts on the $5 calls. Yet open interest is less than 2k? I'm only speculating but I wouldn't be surprised if the MM accumulated more than enough shares with all the volatility to cover those transactions in full.
heh, yeah you were too slow:p
I don't think the puts were exercised some were probably just closed out with the MM. The $5 calls is the thing to watch though. Some short will have covered around 700k after today just through those calls.
Options Opn Int from March 2nd (Activity from March 2nd) Current Opn Int
PUTS
$5.00--6843--(5345)--8826
$7.50--7989--(7057)--10053
$9.00--6789--(4700)--6534
$10.00--9889--(5515)--10121
$11.00--5416--(3653)--6052
$12.50--6717--(3809)--7171
$14.00--6813--(4713)--6603
$15.00--5660--(2303)--5330
$16.00--4831--(1056)--4671
CALLS
$5.00--1532--(5110)--1604
$7.50--4356--(2262)--5788
$9.00--806 ---(1106)--1486
$10.00--3718--(4439)--6196
$11.00--1656--(1042)--2012
$12.50--4164--(5112)--7164
$14.00--5422--(3100)--6377
$15.00--7045--(3719)--6317
$16.00--5115--(1087)--5301
Looks like the $5 calls were once again exercised the same day. Makes sense because there's no reason a short would want to continue to pay the high borrowing costs. March 1st we had 5k+ vol, March 2nd 5k+ vol only 1604 open int, my guess is someone covered about 900k shares and their not done because there was a big block buy of 3200@12:23 for $8.80 today. Lets see if the open interest actually changes this time otherwise we know 100% its shorts covering.
lol, thanks for that.
Smart shorts once again using the $5 March options to exit. Two big blocks of 1000 each at 3:20 & 3:21 for $7.90 looks like the MM is helping them to cover.
For the puts there was lots of buys right around 11:00 and then mostly all sells after 11:30, It'll be interesting to see if open interest decreases substantially which it should.
I really do have to LOL at the suckers that actually bought the $5 - $9 puts, I mean wtf were they thinking? Did they actually think the MW report would tank the stock because it was on youtube and they'd all get triples, lmao.
A well deserved loss for the shorts.
The last of the weak hands must surely be out at this point. We should also be thankful to the brokers who kept the margin requirement on CCME high. Bout time this stock showed a little backbone.
The part that will answer your question is where they were talking about getting rid of all evidence regarding what they were talking about so that they have an excuse when/if they are sued as to what happened to all their so called evidence. They really did go out of their way to make known that they covered their tracks.
It was pretty obvious that they weren't CCME buses because we didn't see the CCME logo anywhere in or outside the bus. In every video of CCME buses that I've seen, they had the CCME logo sticker with a number at the bottom of the tv screen.
This was one of the reasons why I was in favor of a stock halt until the 10K was released. Management has to do something, they can't just let the shorts pull crap like this. It was expected but it really does piss me off that so far they have gotten away with this bs.
Its Questrade a Canadian broker. If you google them I think you can try the software for free trial from the site but its not real-time and may not have all the features.
The software I use from my broker always has the options trades in the chart. I can't tell if they were at the ask or bid from the chart but it looks like it was at the ask because the prices were 1600@$7.30 then 1000@7.20
Also looking at todays open interest it looks to me like they might have already exercised them. But that is pure speculation on my part.
Yes its the easiest way for the shorts to cover en masse without shooting themselves and buying the $5 calls is no different than buying the stock at the current price. Its easy to short 100k on a down day and take out stop losses to cause panic and then buy triple the calls on the dip, especially with this stock.
In the last 6 minutes of trading over 2500 $5 calls were bought most notably 1600@3:54 and 1000@4:00, it really is their only way out before the 10K is released because even a new hit piece wouldn't allow for 7 mil covering shorts.
Shorts can't just cover 7 mil shares, they will drive up the price. That's why I think they are also covering via calls. Check out the March $5 strike.
And here I was thinking we were rid of most of the weak hands, silly me.
I'd like nothing more than for CCME to drop a bombshell and have those 10K numbers ready for the weekend. Monday would be a vicious day for the shorts if that were to happen.
I agree and believe its also a method they use to scare weak hands into thinking a hit piece is imminent. Start having people question the reason for the activity and soon doubt will overtake people and spread like wildfire. But we know better than that.
It will be an interesting next few weeks for sure.
lol, many here still panic and over analyse every price drop. Who cares if someone bought a bunch of $9 puts and who cares if we get another hit piece.
It's time to stop playing the shorts game and just hold on tight to your shares.They have no credibility so why hand them free money, time to just write them off.
This sounds very familiar, lets see if it actually does change.
In this case I agree.
Considering that there were no comments before he posted the link here shows just how many watch this board like a hawk, and now many longs are getting trapped yet again in pointless arguments where whatever you say will either be twisted or ignored.
You can see the exact motive of reader10q because he hasn't responded to a single post here but on his blog he's very active in trying to spread FUD.
At this point we shouldn't respond to anything they say and just let the 10K do the talking.
Not a really good idea to be short here friend. Remember CCME use's advertising agencies and just because your 'friend' at L'Oreal doesn't have access to client information doesn't mean the company denied placing ads.
I suppose you had to try something though.
Once again CCME does well on a bad market day, we even ended green. This is the only benefit of having such high short interest. The shorts have to get out before the 10K is released, and the FUD they spread no longer merits significant attention.
They are relying soley on a general market correction at this point and as evidenced by our ending the day green its going to be harder than they origininally thought it would be to close their positions. Make no mistake, the float is being locked up by those in the know and CCME is a good place to park cash during a market correction.