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LOL, there is a certain yin and yang to that statement that is just simply unavoidable.
The wise investor will look at this stock to the extent they know it exists. Without a PR or continuation of PR's that say nothing new, no one will find it. I am pretty sure the stock market could implode if the US defaults on its debt and this stock will just sit there as it always does...no one buying, no one selling. At least it is in strong hands. Could be worse.
Agreed. Even if there wasn't a debt ceiling increase there wasn't going to be a default. That is just something the Obama Administration was using as a scare tactic. We had plenty of money coming in to finish out FY 2011. The Budget deal will most-likely be the next major debate in politics as Congress is at least going to have to pass some form of budget proposal for the coming year. Even if it is little more than a CR with the cuts from this deal starting to take affect.
What the market is looking for, IMO, is functionality. You can't continue to have situations in which Dems don't put forward a single soletary plan and criticize Republican plan(s) until crunch time.
You can't keep having situations in which there is a tacit deal in place and then the President attempts to interject another criteria at the last minute. A.K.A. Move the goal posts like Daschel tried to do in 2000. Nor should we have a situation in which we still have a tacit deal between the two parties and then the president comes on live television to beg people to call their representatives and ask them to increase taxes. All of this distracts and detracts from the business needed at hand.
Suffice it to say, Wall Street is not impressed yet, or is taking some time to ensure the deal gets signed before business returns to something reflecting normalcy.
The point of my previous post and this one is, if there were anything HSCC wanted to post publicly or even advertise on television... These last 3 months, with Washington mis-behaving and not tending to business, is not exactly the environment you want to try and have a major PR campaign in.
Which is sad really, because now, instead of putting some money into the market, your going to see people put money into the pockets of the encumbant politician's re-election campaign purse. This is an insulting situation to an investor and a business person.
The Dems are going to ask their business base to invest in them, when they cannot even pass a budget. Not a ballanced budget mind you, they still don't have to do that, they just simply didn't even try. Now they are going to come to their business base and ask for campaign contributions? I feel sorry for Business owners who are Dems. That has got to be the worst insult yet.
Additionally, with the deal that has been reached, they still don't know where the other cuts are going to come from and Dems are still trying to sneak tax increases into the formula.
So in summary, the bad news is, things are probably not going to change much if at all, in the next few months to a year. However, this still means that if you can refrain from making too exhorbant a Democratic Party campaign contribution, you can affort more HSCC stock at 01.2 cents a share.
Investors, do what you can to capitalize on what you can, given the environment.
It is not uncommon for shares to be trading flat considering the stock market's actions these last few weeks. These last three months of market activity have been the worst since 2009. With the debt ceiling "crisis" being promoted as much as it is, Wall Street is playing their cards close to the chest until it is resolved one way or another.
If the ceiling is raised without a tax increase you will probably see money flow into the market. It stands to reason that the wise investor would look at HSCC for a hedge on future technology.
If the ceiling is raised WITH a tax increase, you could see some financiers become a little more "Diversified" in their investment practices. Yes, to the extent that they would look at penny stocks.
Right now it is anyone guess. However, I would have preferred that the spending cuts be accepted without tax increases as tax increases generally means that there is less money flowing into the market than there would normally be.
I think the stock has staying power and the fact that
those holding the stock are not willing to let it go,
and that the company is debt free and managing 25 mil
in contracts are all SOLID indicators that this stock
has what it takes to endure.
We have an actual company here, producing product and
turning technology into dollar signs. This is a good
thing. Additionally, we have a chart graph that does
resemble a strong company in even the most stagnant
economic times. This is a good position for the CEO
to be in. Should they need loans to expand there ops
in either manufacturing or servicing, interest rates
are low enough now for that type of venture and these
could include either new products or apps for these
products in an effort to see how their compression &
codecs operate on various hand held-devices currently
on the network and in the market-place.
I am satisfied with the competency of the management
of the company. Now, what I would like to see are
presentations in how this technology could be used in
today's environment. Home security systems with hand
held video displays showing what is going on inside
the house are services that company could look at to
make their technology mass marketable. Military use
of this technology to allow a soldier to remain in
cover but permit an R/C device to look around the AO
for a concealed enemy.
Drones and such are nice, but many things on the field
of battle require that the technology be used there on
the field of battle, not just 40 to 40000 ft above it.
I still like what I see, so I still buy what I buy.
I see the ask is at 10 cents / share. :)
Charts reflect the confidence in the companies management overall. People ultimately invest in other people, not just companies or corporations. When a stock is stable, or steadily increasing, it reflects an increased sense of confidence in the companies ability to manage itself. Knowing how to read a chart is helpful not only during times of News and contract spikes, but when new companies and technology enters the market.
Back in 1999 I had an opportunity to be a part of a company that could record and stream video over the internet. There were two companies that were developing the technology. Well, back then I didn't cover my bases all that well. I invested in a company called WEBTV. It's market focus was to put a video juke box in bars and other gathering areas and to make all possible recordings of music and music video available upon request. Of course the request would be simply entering in what ever you knew about the song you wanted to hear, lyrics, artists name, year of release...etc. The point was, every possible recording of every possible song or video would be available at your establishment. I thought this was going to be GREAT.
The other company focused on recording television broadcasts for retransmission later. IT would record television shows on a local hard drive so you could play it later. I thought, well heck, I already have a VCR, I will go with WEBTV.
The other company, that I could have chosen, that I thought was not worth it based on it's market perspective.... TIVO!
TIVO had the executive leadership, TIVO had the market research behind what it was they were doing. TIVO should have been my choice, but I was more impressed with the idea of having everything at my disposal for the, what 4 hours I would be in a bar or club, with 50 to maybe 100 other people. It was still a good idea, but the leadership of the company had no track record and couldn't get the job done. WEBTV, is no more. At the time, TIVO shares were going for .50 / share.
Remember though, knowledge of charts are simply a reflection of the confidence in the companies management as well as the buying habits of the marketplace itself. Investing in a company is not what makes you rich. However, when it is a good company, with a good management staff, and a good marketing campaign and a good product to such an extent that a whole butt ton of other people invest in it too, that is what generally makes you rich.
Looking ahead, short term.
General Motors, nearly complete with their restructuring plan will mostlikely go public sometime after Oct 1. There are going to be some market adjustments when that happens. However, if I were involved in HSCC engineering, I might want to consider putting a modular package together that can be integrated into the new line of GM and Ford vehicles. This package should allow a good crisp picture of what is behind the vehicle when it is backing up. This technology already exists and has been implemented on some of their vehicles already. However, given the expertise of the HSCC folks, making something like this modular so to replace it is as simple as replacing an alternator, would open up HSCC to the automotive market in preparation for its resurection from Government Management.
Now, Japanese optics are still the standard in that industry, but I think some political points may be scored out in California, if the Government gave a preferred status to HSCC in regards to contracts like that. You never know, sometimes that can make the difference as to whether or not your Washinton Leadership is CEO capable, or whether it remains a bastion of redistributive policies. Just something to think about. You know, having someone who has had some experience as a CEO of an I.T. company, might just be what is needed to help HSCC get its low lense maintenance, high quality video, foot into the proverbial automotive door.
Something to think about.
Well the market is having an anxiety attack right now.
On the one hand we have folks that are getting out as
some folks see volatility as a sign of a possible "double
dip" as we saw in 1930 from the 29 crash.
Personally, I think it is a bit too fatalistic a perception.
Folks need to understand that a whole host of technologies that
were not available to us back in the 1030's are available now.
One is the ability for people to invest and track their investments in real-time from the privacy of their own homes.
Second, there are those who are worried about the up-coming
elections. If there is a shift, then policy-making will become more friendly toward private investors again. What we are seeing over the course of this passed week is a knee-jerk reaction to the 2300 page financial regulatory bill that just got passed via congress and it is on its way to the White House for signature.
After November, most of that legislation will probably go the way that most of the Health Care legislation will probably go. The way of the do-do.
A lot of fear and uncertainty out there right now. Throw in some stimulus money and you have a Capitalistic system going through the DDTs of Government funding. Patience is still the main play here folks.
If there is no shift in November, then you will see the market limp along, but this stock may run based on contracts recieved and reported as well as the viability of a corporate marketing plan that is not dependent on government financing. Markets like solar engery and hydro-electric power are still going to rely heavily on government funding. Markets such as security, like the one this stock is a part of, will probably see a steady increase regardless of a shift. I.T. Markets, which usually fair well through times like this, should remain steady. Construction stocks/manufacturing stocks will mostlikely decline if there is not an overall recovery.
If there is a shift, well, then most everything is operating in our favor. Private investors will see reductions in capital gains and other types of taxes. This will bring money back to the market. Corporations may recieve cuts in their taxes in an effort to spur employment. Increased employment may bring increased facilities which may bring increased security for those facilities.
Border security as well as a continued focus on national security will result in stocks like this getting some good runs as technology is not just promissed to be implemented but actually implemented to address these issues. Increases in I.T. markets will make the interoperability of using this technology in those markets more prevalent. Increased spending on national defense and the military will support some of this as well.
Either way you look at it. If your here, your in the smart place.
LOL, your post reminds me of an old show back in the 80s called "Not necessarily the news." One segment was devoted to taxes. It shows a little kid walking down the street and he finds a nickel on the sidewalk. The announcer says, this is known as found income, and is taxable up to 40%. So the kid picks up the nickel and leaves two pennies behind.
Lord I crack up everytime I remember that show.
"Not necessarily the news." When news breaks, we fix it.
That is probably safe. If you feel as if the system will not allow you to designate the price you want per share, I would rather you simply cancel your sale order and hang on to your shares until such time as the price progresses to the area you would be comfortable to sell it at.
In this way, you do not allow yourself to get bought out early on a run. Since this stock is trending upward, I wouldn't worry about a .16 sale order until you see this stock hit .08/share. Upon doing so, the stock would have established a new 52 week high. Runs can go up, and up, and up. But as we have seen over the last few days, they can also go down and down and down.
Best practice in your situation would be to not put in a sale order until the price per share is in the neighborhood you want it to be. .16 is a good neighborhood. But 1.16 depending on how many shares you have, can buy a neighborhood.
Different investment firms have different rules, such as that. In Etrade, I can set a sale order for "Good for 60 days" but I cannot set one to "Good till canceled."
Attempt to set your price to 3 dollars per share. See if it will accept that.
Setting sales price. For relative newbies.
Situtation:
You have just purchased a block of stocks, let's say 25000 shares.
If you want to ensure that you get the price you want for them, you can set a sale order @ $5.00 or $50.00. Whatever price you set will have a duration associated with it. You could say, good for the day, and if the price jumps that much and there are still buyers out there willing to pay your ammount for your shares, your shares will be brought to market for that ammount.
By putting in a good till cancel, or good for 60 days, period of time, let's the market know that you would be willing to wait a while for the price to move up to that sale price and if it hits the market then knows to bring your shares when the price gets that high.
If you do not put in a sale price, then the Market assumes your shares are NOT for sale at any price. This can be both good and bad.
You see, when you place a sale order at a fixed or limit price, what you tell the market is what you think the stock is worth. And that you don't want to sell below that price. Your value of the stock let's the market know that the price has to move in order for you shares to be made available. Now if the market doesn't move all that high, your sales order will either stay in place if it is a good till cancel, or expire, if it is a good for 60 days. In that event, your sales order is no longer there and as such the market assumes your shares are not available for sale.
Does this have any real impact on the pps or market itself? eh.
What putting in limit sales prices do, is ensure the market cannot sell your stock for less than you want it to go for. If you place a market sale order, what you are telling the market to do, is sell the stock immediately and whatever price the market can get for it. THAT is risky. You could easily find your shares going for a whole penny or dollar under what the current stock price is, simply because, someone has a buy order in and that is the most they will offer for your stock
There are always johnny come latelys.
Additionally, not everyone invested with
HSCC may be privi to this board. As I was
looking at the BB over the last few days
the low BB was curving up and the high BB
was flatlining so, we could have some MM's
trying to stop the tightening of the BBs but
trufully, mid-week plays are always iffy.
I see them coming back, or I see some folks
looking at the 15% drop thinking its an aboration
and coming in just to be a part of whatever bounce
we get before weeks end.
Frustrating, I know, but the point is we are
probably going to be back in the mid 4s by end of
week. Buying pressure still far outpacing sales
by nearly 2 to 1. Some private investors got shook
but there were more than enough of us to pick up the
shares that entered the market.
Looks like we have some folks who sold short to put money
elsewhere. BP is a possibility. I would say it was a
short timers play but I honestly think we have a couple of
folks that took today to diversify their portfolio a little.
I am still looking at the numbers, but the only time I see
something like this, on a day in which the market is up overall
and there is positive momentum on the stock, is when an extremely short time high yield play presents itself. I just don't see bp as that play. I'm sorry. Rivet has a point about what could happen by the end of the week, but truth be told, they could over pressurize during testing or over pressurize during the sludge and cement fill process and you'd be looking at another gusher.
I guess some folks are hedging their bets. Personally, I have never invested in oil companies. Nothing wrong with it mind you, it is just not my thing.
BEHL is pretty low right now. .004 / share.
Patent cleared and they are producing. Seem
to be struggling a bit with some re-org issues.
(Chews on Cigar)
Ahhh. Good quote, there Joshua33. Good quote indeed.
You don't win it big in the Market by flipping your
stock to make pennys on the dollar. You win it big
in the market by making the other poor son of a bit$%
flip his stock for pennies on the dollar.
Some of you came here not knowing, what it was you were
going to do. But when you put your hand in the pile of
gue that was once your favorite stocks face after it had
gone through a 20 to 1 reverse stock split with no dividend
offered. Don't worry, you'll know what to do, and you'll do
it.
HSCC LOVES a WINNER. And SHE ABSOLUTELY WILL NOT TOLLERATE
being a LOSER!
My one great dream in life is to lead, a well trained stock
in a desparate battle out of penny land. Right now, I have
precisely the right instrument, at precisely the right place
at precisely the right time in history. All that illudes me
in accomplishing this quest, is a few miserable PRs about contracts and product sales.
Hell, I know I am a pre-madonna, I admit it. What I can't
stand about the MM's is they won't admit it.
(drumb beat, flutes)
Made Young,
You picking on Joshua33? Em EHM!
hehhe. Ok, well, we'll all just
see how well THAT works out for you. :)
Surprisingly, the Market finished up today.
granted only 18.24 points but, up is up.
Good volume with selling pressure seemingly
coming from some flippers who either panicked
or are of the same opinion as some of our
basher posting visitors. Could it possibly
be that the two are related? Naw.
I sincerely doubt that someone who sold say
only 120 thousand shares at .037 for a total
of $4440.00 could possibly be all that upset
about not waiting and seeing those shares go
for .045 which would have garnered them oh say
$5400.00 dollars if they had waited. Hm, well
heck they probably are not all that worried about
that $960.00 they missed out on. I mean really
that's like what, a mortgage payment maybe. pssff.
Better left in the market I'd say, and heck if the
bank threatens to forclose, you can always take out
a loan against your 401k, so what are you worried
about a measely 960 dollars for anyway.
I mean, if I sold my shares for that low and found
that the price didn't drop for the remainder of the
day, it's not like I would have sellers remorse and
start coming in here and bashing a stock that I just
was invested in not mayhap be 1 or 2 hours earlier in
the hopes I could get back in at a lower PPS. No, No
NO. I don't think anyone would try and do that, would
they?
BWAHAHHAHA!!!
Work hard, invest long, love much.
Quarter of a million shares in one morning.
Not bad. Granted we have some short timers
heading for the exits but it is almost what
you would expect from pennyville. Soon, we
won't be in pennyville any more. IMO. The
5% uptick over the last couple of days will
probably get "re-distributed" in the Market
which will probably close down over all now
but this stock again is standing tall.
If this stock were people, their faces would
be painted half-blue and about ready to sock
it to the British speculators! FREEDOM!!!!!
A buy at .046 just came in.
Good size too 6000 shares. Private Investor.
Oh man did I hate student loans. You have my sympathy on that one. Also, though, You have the right attitude about it too. Just as you figured out that college was about time management, post college is pretty much more of the same. You say you put in 470 and got back 460. Well, depending on you commission fees you did make a little bit. I mean, unless you trade for free or practically for free.
It's a lot about timing. You probably are thinking you made a bad investment. Worse case scenario, you simply over invested. HSCC is a long play. There are some short gains that can be made but, you can find better short plays elsewhere. If I were to advise you, and mind you I am not saying you need it, I am just offering it. Look at a long play with about 10% of the investment you wanted to originally make as a short play. Add to it every month, a little at a time.
So instead of $470.00 / month or so, just invest $47.00. Right now that would get you a 1000 shares. If/when this stock ever hits $1.00, you would have successfully turned your $47.00 investment into a $1000.00 return. If I was in your position, and mind you I was about 20 years ago, that is how I approached it. while I was paying regularly on my student loans. When I was done paying off my loans I had realized, that, well, I never did actually use the money I invested to pay off my student loans, so I actually had that money for myself.
What can I say, I celebrated. :)
Now it is 20 years later. I have two little girls, and I am investing for their college. Maybe they will go, maybe they wont. Maybe they will get married, maybe they won't. Maybe they will hit the lottery, mostlikely, they won't. But in either case, the money I invested on their behalf will be there for them if they need it.
The problem with the short play, is that you are essentially programming yourself for failure. With the long play, well, you can still get unpleasantly surprised. But more often than not, your pleasantly surprised.
Oh, additionally, diversify. I have stock in SIRI BEHL HSCC EKWX. Now, I wouldn't recommend EKWX right now as a short play at all, or even a play at all, starting to look like a shell to me, but the other three are solid companies that are already producing a product and have a business track behind them. um.. Meaning cash flow, as it they are producing product and bringing it to market.
So, one pay period its $47.00 towards HSCC. The next $47.00 toward BEHL, the next $47.00 to SIRI. Look for dips in the market to capitalize on a quick 5 or 10% gain, but don't push it. Nothing can come to you, if you PUSH it.
umm... Are we sure we don't want to talk about politics?
Just checking.... :)
Sco0pz,
I like that quote. :)
As a single parent with two school age children, one with special needs, the song I sing in the morning is, "I owe... I owe... I owe, I owe so its off to work I go...(whistles to close)
Concurrent with Joshua's request I ask that my comments regarding the off-topic discussions, to include my most recent comments also be removed.
Agreed.
Hmmm. Simply put, I was not confronted by anything.
I logged in to see that my posts were removed. Kaiser,
was kind enough to acknowledge that if they were removed
it was with regard to content not being commiserate with
the topic of the board.
Now, I do dissagree with that assessment of my comments
with regard to the political impacts of the current administration and the belief that we are somehow re-instating a "successfull" financial policy that was applied in the past.
There is absolutely no truth to the belief that the major government expenditures and taxes levied against the people of the United States after the crash of 1929, resulted in major employment. In fact, there is plenty of evidence to the contrary. Most notably, is the fact that when Japan bombed Pearl Harbor on December the 7th 1941, some 9 years after these policies went into affect, the United States was still a country in a "Great Depression" and nearly 1/3rd of the country was out of work. These are facts, and they are undeniable!
Now, I then remembered that my comments to Sco0pz regarding Canadians being Americans, in the strictest sense, were also removed. Sco0pz, once again, no disrespect was intended. So I surmized, and quite rightfully so, that whether or not Canadians are Americans is something that is completely irrelevant to the topic of this forum. So in the end, I had no issue with those comments being erased.
Joshua, you do not strike me as someone who reads things on a board and simply beleive what you have read as gospel. So I ask you to research my comments yourself. In finding that I am right, I also don't think you are someone who would have an emotional epiphany and suddenly believe that everything you have learned is a lie, and go off and do something drastic. You just don't strike me as that kind of person.
In short, Joshua, I like you. I like the good and honest, hardworking people of this board, and I have been reading these posts for 2 months prior to actually investing in this stock. All strike me as quite intelligent, and I wish to remain amongst you and be counted as one of you. But just as one, when meeting someone who thinks the earth is flat, feels a desire to teach them that it is round, I too had this feeling with regard to a post that initated my response, that stated that the economics of the current administration were effective in avoiding a disaster.
It is simply a fact that they stated if we did not spend the stimulus money, that unemployment would reach 10 percent, and if we did, unemployment would never rise above 8 percent. Well, we spent the money and unemployment is reaching 10 percent. Case closed.
They can argue that it could have been worse, but, shouldn't have they had known that before they spent the money?
As for the off topic discussions -- this is not a political forum. My comments, though factual and based on historical statistics and tracking were/are/and forever will be, accurate.
Yes, he, (small 'h') is our President. For better or for worse.
right now, it is looking like the latter not the former but these things do have a way of changing. So let's not just hope for the best, but do things that we must do to allow success to happen in our lives. I wish this to all men and women of good will.
Truth hurts at times. Words can land on ones conscience with more force than a 20 lb sledgehammer at times. But we are humans, we can control our actions, moderate our behavior, and reason with the reasonable.
Now, Buying volume is out pacing selling volume by 3 to 1 today.
Once again, I have to ask, why is the price moving down? There are no privately held shares being offered that low, so why isn't there an indicator on our trades table to indicate where these "phantom" shares are coming from?
Sco0pz,
With regard to contracts do remember that the corporate fiscal year ends on July 1st. The news of the Onyx/HSCC collaboration came out 6 days after the close of the corporate fiscal year.
The government fiscal year (FY) ends October 1st. So, contracts are probably, in the works but we may not hear about contract awards until after Oct 1. New purchases, License Agreements contractual support for products and/or maintenance contracts are generally addressed as the FY comes to a close.
Stay a long, bud.
See Sco0pz,
Here is another one.
Sco0pz,
No worries, you remember some of my posts. :)
I'm not gonna fault ya.
Jul 6, 2010 09:00:37 (ET)
NEWPORT BEACH, CA, Jul 06, 2010 (MARKETWIRE via COMTEX) -- Homeland Security Corporation (PINKSHEETS: HSCC) announced today that it is collaborating with ONYX Scientific Inc. in the development of the next generation of surveillance and security technologies.
"ONYX is a perfect partner for HSCC because of its vast experience in aerospace and government systems engineering and brings its exciting new video compression, encryption and storage software technologies to this project," said David Shade, the Chief Executive Officer of Homeland Security Corp.
Chief Executive Officer and Founder of ONYX Scientific Inc. Raymond S. Donofrio stated, "Capitalizing on Homeland Security Corporation's experience in optics technology, Onyx Scientific Inc. is deploying multiple products and technologies through ventures with HSCC and anticipates a mutually successful long-term relationship. Onyx is working with HSCC to launch key border security surveillance technology. HSCC also is leveraging its relationship with a major Fortune 100 manufacturer to help integrate Onyx's compression and encryption software into a video-and image-based quality control process monitoring system."
About ONYX ONYX provides a cross-disciplinary perspective, with knowledge ranging from particle physics to aerospace engineering, from product prototyping to information systems and from advanced mathematics to materials science. ONYX leadership also has uncommon experience and intellectual discipline, each with 30 or more years professional engagement in Fortune 100 companies as well as the U.S. government and military. www.onyxscientificinc.com
HSCC Vice President Gary Williams stated, "HSCC is proud to work with ONYX, a leader in compression and encryption technologies for projects in the security industry. The combined HSCC and ONYX field force effort will focus on bringing the latest and most advanced surveillance/ security systems to market, protecting our homeland now and in the future." www.homelandsecuritycorporation.com/hscconyxventure.php
About Homeland Security Corporation Homeland Security Corporation is a leading innovator and implementer of security driven technologies that can be deployed in any environment to meet a client's security needs. Our primary mission is to protect people, property, infrastructure and our clients' high value assets, by mitigating threats. www.homelandsecuritycorporation.com .
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Homeland's performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those anticipated.
-----------------------------------------------
The above press release was posted as news and events for HSCC on ETRADE on the date specified above.
One day we are looking at this stocks resillience during times of financial downturns. The next day, everything points in the right direction yet for no reason what-so-ever, the stock closes down 8% when buys out number sales.
supyoscn,
100k worth of buyers... Well that is only if they are
selling all or nothing. What I find curious is we had
absolutely NO sales pressure earlier today, and nothing
but buys going on and the price drops nearly a whole penny
for one frappin sale. Then for no apparent reason we have buys occurring under the ask.
Understand, No one was selling this stock earlier today. However
offers to sell were at .047. So if someone was willing to pay that price per share, they would have had a sale, but low and
behold, we have sales that occur under that price with little to
no sales volume to justify moving it down.
On a day in which you only had 13,500 shares up for sale by private holders, a trade volume of 130,000 and the price finishes down? That is innexcusable! Where did the mistery .045 asks come from? Or the .037 earlier in the day, who owns those shares?
Now, agreed this is not the .6 million shares in volume we saw yesterday. But even with that, even with 6 times the volume we had today, we only went up .004. Why is it we went down .004 today when the volume of shares being bought outnumbered the number of shares being sold by 10 to 1?
Ok, this is a bit on the wierd side. There is no selling pressure. No flipping, no MMs reconsilidation. We have 90,000 in volume and the price is on a decline not an incline?
Morning dips are regular, but I have to admit, I am a little suprised at this.
Now that I do agree with.
Some folks do come here to lose money to ballance the "books."
However, that is usually corporate level stuff. Not private investors. I think your earlier assessment is correct, folks just don't know what it is they are buying.
Excellent Volume for today on a single day's trading on this stock and the market ended up only 57 points. To close under 10,000. We could see this upward trend continue, and if so we are looking at 5s on or about this time Thursday or sooner!
All in all, this stock has the appropriate amount of weather protection in times of market down pours and is fairing well. Almost no sales volume today to offset purchases. This may be the start of another well deserved pop.
Sco0pz,
You take it easy buddy, I'll drink a pint for ye.
From what I can see 6,900 shares left at .044