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“We are looking forward to emerging from this process as a leaner, more efficient business and firmly believe that we will be well-positioned to compete and succeed in today’s retail environment,” Julian Geiger, chief executive officer, said in a press release.
Despite the walls being (nervously) thrown up, shorts are - in fact - nervous. Past couple hours of channeling show strength. Walls would fall.
70K on the BID above .10, and only 70K on the ask from here to .20!!
She wants to go. But she likes it rough. Smack her.
I don't make any pretense of being a guru, nor more than a competent technical analyst... But I've always watched a lot of these Q plays pop off over the years. And in that regard alone, it is not difficult to think this play is light years beyond them in outlook.
Moreover, from a common sense perspective, if I imagine that I were a trader or MM involved in a short position here, whether from prior to Friday's run or during it, I would try to get the most bang for my buck as I tried to cover/recover losses. And that means I would apply the most downward pressure in sync with profit-taking/sell-off in order to ensure a good, reliable dip down.
That being said, that's what this morning looks like to me. And the stability we've seen since the dip seems to corroborate it to some extent.
That being the case, I think we will see upward pressure resume, and in the absence of the counter pressure we saw this morning.
I'm long. I think trying to release and re-grab lower is too dangerous right now, in terms of missing coming gains.
I love how MM's keep politely bringing the BID up and removing shares from shaky folks' hands.
Most. Ridiculous. Argument. Ever.
Wow, despite that relentless short-seller, over 200K shares bought above .29 on Friday. No wonder that dude was shorting for his life.
It is huge, but it's also worth pointing out that this is more than 'cloud security'.
'Cloud security' is commonly meant to refer to the degree of security protocol/procedure/protection that surrounds a cloud-based application, enterprise, network, etc. For instance, when my server is in a room on site at my business, I can lock the door to the room. But when it's an the other side of the world and I'm accessing it via the cloud, how can I ensure it is secure? This is usually what 'cloud security' usually means/refers to.
But what IDDriven Inc. is up to is more than this.
"Identity Access Management" (IAM) is a very large and complicated component of any Enterprise computing system, distributed network, etc. The essential problem/driver is... When there are many systems, subsystems, applications, and so forth, how do we handle the question of who can go where?
And the problem gets deeper still.
If we build these checkpoints, security walls, passwords, and other "IAM" components into the physical infrastructure itself, then what happens when we go to add a system, change a system (for instance upgrade/replace some existent software on the platform), and so forth? Now all of the sudden we have to uproot the entire user access management, or some portion of it, and redesign and reimplement it. That that takes TIME, and MONEY.
What IDDriven is doing is brilliant, i.e. moving this extremely onerous task to the cloud itself. And this means LOW overhead (from an architectural standpoint), as well as utter flexibility (from a change management perspective), and thus, more overall agility with respect to the entire enterprise.
So 'cloud security,' yes. But this is more than securing the cloud. It is rather about harnessing the virtues of the cloud itself to streamline security infrastructure.
Pretty cool.
It's getting hot in here.
Sweet.
Very risky shorts got eaten up today, this is going to go ballistic. Big Friday. Will swing thru weekend.
Yeah, I try not to be someone who complains about that sh*t (like the dude at the blackjack table always hollering about 'team play')... But honestly, sometimes you have to just scratch your head and wonder what people are thinking.
The guy on ETRF with the Monster Bid is at lunch. He has no idea what is happening. lol
Let a man eat.
You can't shoot a rubber band unless you stretch it thin first.
This is why the float has been progressively locking up over the past 3.5 weeks, or at least one of the reasons. Company has communicated a "substantial A/S reduction" announcement coming this week as well as assurance of no reverse split.
If I could figure out how to post pics in general I could... lol
right
Blows my mind who fearful/impatient folks can be. Bidders come up to .005 for a MILLION shares and someone immediately sells to them. It's amazing. I know I shouldn't be amazed. I just am. Then some dude thinks to himself "oh no, now I'll NEVER be able to sell my 50k shares for .005, so I better slip under the ASK at .0049." lol just wow
NITE and CDEL very smart on the BID, sitting low. They know there's still folks unsure of what to do who may dump to them. Gotta hand it to them. No pun intended.
My thought is that it is unimportant. A/S reduction details were assured first.
80% Strong Buy. BarChart.com
no what?
Dear Tuesday,
Thanks for the 730K shares.
love,
Me.
Current financials, NO Reverse Split, and A/S Reduction details "this week".
I think we know what next PR contains.
I slap, therefore I am.
Let this be a lesson to the new school kids. You save ammo to BUY THE DIP when it appears.
This day was an unexpected gift.
I am in at .018 too. Pretty sweet.
Like I say, happy to be corrected. I dont have a deep view of the price action.
... and I want another Milly, cheap.
Pause for concern...
It is always exciting to see a ticker rise day after day. But the nature/style of the rise seems worth considering in assessing the excitement, over one's own position and others'.
I was very bothered by the price action today. And I don't think it takes much acuity to be a little perplexed by it. There seem to be two modes that the MM's are operating in...
1) spread the BID/ASK wide, and represent very little quantity on the BID side, discouraging sells, while standing pat on the ASK, even misrepresenting ASK quantity so that new shares are for sale at the same price point even as that price point is supposedly bought out. And again, where this would normally encourage selling, the BID trails so far behind as to discourage this.
This method would be well-explained by either constant, methodical flipping in concert with the MM's, or dilution, or both.
2) When buyers fatigue of practice (1) above, the BID is brought up into proximity with the ASK, though kept at a quantity that surely reduces selling to an impractical absurdity, while nonetheless providing some increased psychological assurance about smacking the ASK. (And in the worse case scenario, this is method is really just a microcosm of what may happen to the undiscerning over the longer haul, obsessed with the ask slaps, not minding the curious lack of support.)
This happened all day long. In fact all week long.
Of course, the theory above is underdetermined by the data. One could insist that, for instance, the reason we had no sells above .43 despite hitting a buy-high of .53 is because everyone "knows" where this is going.
If that is your style of reasoning, have at it.
I like to keep a level head down here. Few do. It's profitable.
If my reasoning is in error, I'm happy to be corrected.
Why can't you just screenshot L2?
Van, PLEASE post a current L2. Could you?
I don't pretend to know what today is. Personally I hope it's a get impatient and ship Nic another million shares day. But that's just me.
Only had a horizontal day yesterday cause of an early 4 milly flipper. So resilient. Badass. $ONCI
Ain't gonna hurt nobody... We're just dancin' baby.
What up V-Tizzy? Startin to think we need to give J-Swizzle a holler. And J-Steels? Class reunion.
Gonna have to outbid me home skillet.
#20 on the Breakout Boards now. Moved up over 20 spots since yesterday. Gonna be crazy when folks actually discover this thing, let alone take a look-see/DD.
Could you post a current L2 please?