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Total reported short is about $500 worth. Why that happens I'm not sure, since it's insignificant - maybe due to some automated trading.
I don't know the answer to your question since I have no experience with this type of award, but the min is $3,000, not million.
The $3,000 is now showing up on usaspending (it wasn't yesterday I think) as Department of State and location (US state) N/A.
I couldn't find any way to get the detailed data on usaspending except by doing a bulk data download - that website is quite broken. Anyway, the details also just show the $3000.
The rise from 5 to 13 or 14 cents on the 6 million order took over a month and had a long pause/decline in the middle, and that was with a confirmed dollar amount. For some reason though, it jumped from there to 17 in a few days on the Modern Round announcement, which was no concrete information at that point. I can't guess what effect this new information will have, except that today is far from all of it.
I assume what is left for this quarter is just a few add-ons of minor value.
Looks like there was some weird trading this morning.
Thanks, nice to have concrete information on the agreement. Everyone here should read it. The royalty stipulations are encouraging in the long term if this takes off.
The price has held up surprisingly well since the last big order announcement. I was expecting it to be a penny lower than it is by now, and I'm still waiting for at least that to add to my position. If there is no significant news for a few months, I think we'll get there.
I doubt that you'll see under a dime, except temporarily due to a margin call sale or fat finger trade like we've seen before. Drifting down maybe to high 11s or low 12s I think is likely, unless there is another big order announcement soon. Just the lower price does buyers no good though. You have to wait for it to go down then settle for a month or so before you can buy a significant amount without spiking the price, or buy over a very long time at a trickle.
The dilution he's worried about, if it continues at that rate, will amount to 10% in 17 years. Meanwhile, the current bid/ask gap is 11% of the last trade price.
Lunch money is never really my purpose. The goal is accumulation and I have picked up 350K today, but it helps to have a sell order with significant (for this stock) volume showing to encourage selling, and with the gap as it is I won't cry if it gets hit. These stupid icebergs (some auto, some not) with 10K showing and 20 or 40K underneath just inhibit trading, so if I can push them one way then the other and clear them out with a small profit or at break-even, I do so.
Another $200K or so of government orders did show up the night before on usaspending. I haven't been keeping track enough to tell which transaction is new, but it looks like one that is maybe already completed. I bought about 250K that day (and sold it between then and now for lunch money), that's what triggered the rise.
Rough day out there. Nobody paying attention to Virtra.
I wonder if they'll PR this order eventually.
The reason: new $1.2 million DHS order
https://www.usaspending.gov/transparency/Pages/AwardSummary.aspx?awardId=45302974
Sales are down first two quarters, minus the big order.
Are they intentionally down because of limited manufacturing capacity? If that is true, then there is no way the big order could have been filled on the original schedule. More likely, they just aren't making as many sales. I think, another big order and the price shoots back up, otherwise it continues to drift down without other news. If Q3 minus big order beats last year, it could turn around.
One of them is DOJ $20K for accessories.
And they did. Eaten by a 400K buy order.
That was weird. PUMA is back as well.
I just hit the current .101 bid and it is an iceberg. Two small sell orders appeared immediately at .1049, down from the previous ask of .1085. So this may be an accumulation strategy that is appropriate for a low volume stock.
There is no unloading, as these are not iceberg orders (lately). Maybe there is a purpose but I suspect it is just algorithmic trading being inappropriately applied to a stock where the volume is way to low and the "real" gap way to large to make it profitable.
The 5100 share ask was automated. When any new sell order appeared in a given range, it would adjust to .0001 lower instantly (technically it's a new order and the old is cancelled, but we might as well view it as a self-adjusting order). With a fairly large spread as we had yesterday (and most of the time for the last few weeks or longer), these auto orders usually have a range that ends at the midpoint of the spread, if that far. This time though, it turns out that range extended as close as possible to the bid, which was then .1010.
Just to see if it was possible, I pushed the 5100 share auto sell order to .1011 with a 10000 share sell order at .1012 when the 5000 share auto buy was at .1010, then bought those 5100 shares at .1011.
Oops, I guess not. It looks like the hours they show now are to midnight, and 2 in the morning Fri/Sat. Those may be just a placeholder though.
Somebody doesn't know that noon is 12 PM.
It's less than a million shares so far. It could just be one person, and have nothing to do with the settlement.
Why not, if there is a demand for it? I can imagine a huge series of "respect my authoritah" scenarios.
The price drop explains the volume.
The volume chart is not very similar.
Higher price but lower volume than I expected this afternoon.
I hope you are right, but we were at .04 - .08 for years. People who bought there and hung on are not frustrated any more.
The last few times there's been morning unloading like this, it was followed by afternoon buying at a higher price.
I think we'll settle in a bit higher than that, probably in the mid 15s if there is no more news. As usual though, without news volume will wither.
Or someone trying to give the impression that Miller is dumping.
Just up 100K from last quarter.
Now .103.
Assuming that whoever sold through PUMA was shorting, they are now trying to cover at .112. From watching the last few days, I'm thinking they shorted a million shares or a bit more at .13 and slightly above, so they'll make $20K or so if they manage to cover there.
The PR says it's on the website, but I don't see it there.
Well, if they are to be undervalued by the same amount now as they were before relative to earnings...
Or reducing a large position, but either way they are attempting to do it quietly.
I used a 5K sell to lead their 5K iceberg down a few times today - once to buy and once just to see how low they would go. .13 is their bottom line.
If anyone wants to buy at .13, just put in your order and if they don't hit it in a few minutes, put in a 5K sell at .1301.
If they are shorting, then I assume they are banking on worse than expected Q3 results. I hope they are right as I'd like to add to my position cheaply, but I just don't see how even a terrible Q3 could hurt much since everyone knows what's coming.
That iceberg sell from PUMA at .13 continues to sit there.
That doesn't really address the question though: Why was the trading behavior today so much different from the previous week? Similar volume, but much smaller blocks on average.
If it is about to be pumped, I expect a good bit of the increase will "stick" permanently.