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I don't know the reason either, but since 9:45, we haven't had a trade above 44K. I'm really surprised there's been 500K volume. That's a lot of small trades.
Yep, quite a coincidence. Or maybe not - I'm taking a screen cap of my order status page just in case.
OK, I still suspect something funny with level II then.
I guess we're still in quote-only. My ask was cancelled after the halt, so I suppose it is not really cancelled until trading resumes. Some of the bids could be in the same boat.
It was also showing as CSTI earlier, so that would be a bit of a coincidence, though 50K is a common amount.
I'm also on TDA, so maybe it is just their system.
Anybody else using something other than TDA see that?
What are you using for level II? I'm still seeing my 50K on the ask at .1087 which is no longer active. Do you see that? Unless someone else placed the exact same sell order, it's not really there. Tried restarting my viewer and I'm still seeing it.
Read the posts below weeble, those probably aren't real. The ask that is showing is mine, but was successfully cancelled hours ago (before the shutdown).
Things were behaving funny from the open today. Bids and asks were popping in and out on level II.
Is that a serious question?
The 10K order at .0756 appears to be an iceberg.
Oops, we did make 9, forgot about the 15 minute delay.
"Good shot at getting in the top 10 today."
Well, we did that. Almost made 9.
The stock value should be around 15 cents if you assume the next few years will be the same as this one, and buyout price a bit higher than that. I don't think so though. This order should add legitimacy, and lead to increasing sales.
It could just be us. I picked up 400K so far today. It's still cheap given what we know.
Completion by the end of March! This is not some dribble-it-out-over years thing.
Three times a "reasonable royalty" on products sold, plus interests, expenses, and attorneys’ fees.
Certainly they are infringing, so they can only challenge the validity of the patent.
That seems pretty blatant.
Some buying interest today, but no willingness to bump up the price. The 10K bid at .0541 is an iceberg - I sold 100K into it. Also there is 5M at .0411 (over $200K). That's unusual, even at 25% below the bid.
That's because there never is high volume in monetary terms. Even on the highest volume days, the direction of the stock price is decided by a handful of people making decisions, and some of them make weird decisions.
The 1K tape-painter at the bid ten minutes before close confirms it.
The earlier increases were me playing with an (apparently) automated +.0001 bidder to see how high it would go, and possibly sell into it. It, or someone else, lined up behind me at .0755, then I stopped paying attention.
The current bid and ask are automated and sticky. I put in a 60K buy at .057 and 60K sell at .0635. A 10K bid at .0571 and 10K sell at .0634 appeared simultaneously with my orders, so faster than my L2 refresh time. When I pulled my orders, the 10K orders stuck. I'm wondering how far I could push them in either direction, but if they will only absorb 10K then quit, it isn't worth the cost/bother of finding out.
I assume you posted this to the wrong mb. Nothing unusual is happening today, relative to the last two months. If the gap opens and the bid drops below .058, a 75K or 100K order at .058 shows up before long.
It's proof that having low volume can be a good thing. Even with the price run up, the buyers couldn't get much, and previous offers were pulled as the price rose. They may have done better just going straight to .063 before the sellers could see it coming.
Someone is buying, and isn't bothering to mess around in the gap.
I'm beginning to share your optimism.
At today's volume that would take months, and I expect the volume to drop back to familiar levels soon. Without any news or promotion until the next report, I'm afraid we'll fall into the low 5s or upper 4s, then bump up to somewhat above current levels after. Hopefully there will be some news before then.
I'm not sure they wanted to go private. It seems what they wanted is the advantages of a public company with the total insider control of a private one.
Most of the time, you can't judge buying or selling interest in this stock until you place a level-2-visible order, and then you may need to let it marinate for a few days.
How high do you need to go to buy a block in a hurry? Probably .047 or .048, so I can say it's underpriced at today's close. I think if you want to buy or sell a million shares at .044, you can probably do either in a few days.
"obstruction not protection"
What you call it is irrelevant to my point/question.
"I assume the competition sees them as a minor player and an insignificant threat or they would part with some pocket change and acquire them."
Someone correct me if I'm wrong, but isn't the company protected by the huge number of authorized shares relative to outstanding shares?
I can see that, but the last time it dipped you yourself picked up 200K at a slightly higher price than you could have bought it for today. I wouldn't be surprised if there were enough individuals waiting for a nice round number like .04 to buy.
I had 1.1 million at one point. Now holding 260K after picking up 25K yesterday.
But I think what you are hinting at is correct - this stock is wrung dry. There is no money to be made from legally encouraging momentum in either direction. A small profit could possibly be made from partners swapping shares to drive the price, but it doesn't look like it would be worth the effort and risk. In other words, I think this is "real" selling and buying.
We should have the Q2 report as well.
Anyone remember if the last two were before or after trading hours?
True, but the person doing the selling wasn't necessarily the person doing the painting (and certainly not for the one 100 share paint at the ask). It could just be someone who saw the selling and decided to "help out" the chart.
I am always suspicious when there is a 20% gap and someone is selling at the bid (and below AON bids in this case). I'm assuming from the chart that that's what happened today. So someone in all probability threw away a few thousand dollars when they could have offered shares in the middle of that giant gap and waited a few hours or days to see if anyone would bite, which in all likelihood would have happened. It has to be either forced liquidation, attempted manipulation, or extreme stupidity or impatience.
The AONs don't show up on L2. Your best chance is probably to announce them here.
AON orders for this stock always get skipped - it's happened to me many times. The stock is basically untradeable unless you have commission-free trades. Without AON, you get hit with 100 share per day trades; with it, your trades just get skipped, even when larger blocks go through.
Thursday, if the last two quarterlies are any indication.
Not usually, but recently. Their stated policy is 45 days after end-of-quarter and 4Q/annual 90 days after end-of-year. They have done that the last three quarters. 3Q 2012 and 1Q 2013 were on the nose, so I would expect a report a week from today.