I am a psuedo-positive long!
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I was expecting that. It tried.
Cheers
Chenzo
Its hard to explain, because it is a hunch, but the trading here lately is unusual. PPHM is NOT trading like a stock heading into a reverse split. Usually, my experience with stocks heading into a R/S is that the trading dries up, much like PPHM did most of the second half of this year. But volume picked up three weeks ago. I know we traded up on high volume into the CC then turned down. AS NORMAL.
But from there we turned up on good volume. There were some here who also noticed this "chart trend". I mentioned in a post that last Friday it was as if we had a new Market Maker. Buys were raising the SP, sells were lowering it and most of those 100 share trades disappeared. The gaps between sales closed. No more waiting 12,15,20 minutes without a trade. I believe there was a leak.
Then we started seeing these large blocks of shares purchased on the bid. I don't feel these were sells. I believe PPHM was dumping ATM shares into waiting bids, perhaps prearranged? If you will remember the SP did not move much.
Then yesterday, more volume, more large blocks, more into the waiting bid, and again the SP moved down only 1 cent. Same thing happened today. Yes we dropped 2 1/2 cents from yesterdays close, but pulled back to close down less then 1 cent. Even at 1:00 on the last trading day of the year, there were trades going across. 800,1200,2000 share trades.....real trading!
Why I don't think its tax loss selling:
I find it unusually that you would wait til the very last three trading days to dump your shares to qualify for the tax loss credit. Especially if you are an institution. If you owned 400,000 shares, you would probably dump 100,000 in Oct, 100,000 in Nov; 100,000 in Dec. You get the idea. The PPS was basically the same the last 9 months, with some exceptions and you could have hedged against being out when something takes off by selling along the way.
In summary, I feel we had a run up into the CC followed by a selloff on no new news. Then there was a leak and real buying. My hunch is PPHM dumped ATM shares into the waiting hands of someone, I don't know who or why, in a prearranged agreement.
I'm probably crazy, but a hunch is a hunch. Anyone feel free to shoot down my theory. But remember, I'm in @.2985 and closed the year green with this stock. Did you? Just kidding, lol
Happy New Year to All
Cheers
Chenzo
Over 1.3 million shares traded in the last 3 minutes. Very bullish for 2017!
.25 is new support/ lets get through
.27 then on to .36
Happy new year all!
Cheers
Chenzo
Watch it turn green now.
Wook it up
Cheers
Chenzo
This isn't tax loss selling. Eom
Call me crazy but I got a hunch on something. I'm in with 78000 shares at an avg of .2984
At least I bought low. Lol
Cheers
Chenzo
When a .25 stock trades at .005 increments you will have 4% swings with each trade. NBG has been in this channel for a while. I see a couple more months and it breaks out. Time has always been the best friend to ailing banks.
It will happen.
Cheers
Chenzo
I have to say the chart is starting to look good, and with good volume.
Friday around 11:00 it felt like we had a new market maker. The trading was actually like that of a real stock.
Do I dare get excited?
Pass the bourbon.
Cheers
Chenzo
In further DD that I have done reveals that the HFSF does in fact own shares of NBG. One of the largest members of the HFSF is hedge fund run by John Paulson. 2017 may be very interesting
Cheers
Chenzo
Thank you. Could be very interesting in 2017. Back to more DD. Merry Christmas!
Cheers
Chenzo
Doing some DD over the weekend. You said:
"HFSF is a 40% interest in NBG"
Is their interest held in shares of stock. That is, does HFSF hold 40% of the outstanding shares of NBG?
Thanks in advance and thanks for the knowledge you bring to this board. Things are looking interesting here.
Cheers
Chenzo
I think we can throw out the theory that forces are trying to shake out week hands. Yesterday, in 45 minutes, we had over 1.6 mil shares traded and almost no change in share price.
ATM dump? That's my guess. Point being, there is no need to "shake out" weak hands. Pphm is providing enough shares to make anyone who wants them very rich.
That is, if bavi is everything that some here believe it is.
Cheers
Chenzo
Now smaller trades are moving the SP. dare I say the big players loaded up yesterday and the lid is off?
We can only hope!
Cheers
Chenzo
Not a chance! Too many longs who were down 85% are now dumping into this news and taking the tax loss
Cheers
Chenzo
All this was was an opportunity for those longs who were in at $12+ to get out with something. Nothing more.
Sold 2000 shares PR @ $2.75
7000 shares @ $2.40
Made alittle money. Merry Christmas!
Cheers
Chenzo
Edit: Not a public company. They are private
Will not be an epic run. The company that they are merging with isn't even listed. It's a public company.
The merger is good but it will not be epic. I'll be looking to sell at the open. Made alittle money. Merry Christmas!
Cheers
Chenzo
Look at the AH trading. At $2.70 right now on low volume. Merger yes. But I don't think we'll get rich. A nice Christmas bonus!
Cheers
Chenzo
I don't think there will be much to chase. I'm thinking we get max $3.00 tomorrow. Hope I'm wrong
Cheers
Chenzo
"1. The English grammar and phrasing need improvement. Such deficiencies distract from your message. "
I thought you expressed the feelings of many here. Thank you for your efforts.
Cheers
Chenzo
JB is rumored to have taken out the server at IHUB. Follow the money. Check for wires. I'll look on LinkedIn for her new position that, by the way, she is not qualified for.
This has to be part of keeping the lid on. Maybe it's the "family". They know we are close! Can't stop pphm so they attempted to disrupt the flow of information! I know there are puzzle pieces here somewhere ;)
Good to have you all back again!
Cheers
Chenzo
I'm figuring they dumped 2-3 mil shares Friday. But on the bright side, they probably got more than .33
Probably?
Cheers
Chenzo
My bad. Naked short percentage. EOM
Do you know what the short interest on Friday was? TIA
Cheers
Chenzo
And that would be another $33mil these clowns would blow.
Cheers
Chenzo
Pphm has diminished trials with AZN. It was revealed this morning that there were changes to pphm website.
Probably because pphm is so close to a partnership with a competing BP that they needed to break ties. At least that's the spin around here.
Cheers
Chenzo
"Peregrine reported $49,055,000 in cash and cash equivalents as of October 31, 2016, compared to $61,412,000 at fiscal year ended April 30, 2016."
So if I read this correctly and my math is right, they are burning through $7.5mil a quarter. At this rate we go broke in 7 quarters or 21 months.
Reverse split is imminent. It needs to be done to sell shares at higher prices. If not the lights go off.
Cheers
Chenzo
That's the company selling into the naked shorts cover. I am telling you, they are in this together!
Cheers
Chenzo
Broke through the 1.50-1.40 channel on more then 3x 10 day volume. Down over 10%. The $18mil in bank will soon be gone without product to sell
Cheers
Chenzo
A close below $1.40 breaks the channel. Next stop could be $1.00
Cheers
Chenzo
If DPRX does not somehow close at $1.40 or higher it's toast!
Cheers
Chenzo
"PS: We closed at 0.40 and are currently already back at 0.395$ after visiting 0.35$. So big-drop is relative."
Sorry buddy but I haven't seen a trade at .395 since the initial first five minute drop.
If .345 doesn't hold, all bets are off and another successful pump and dump has occurred.....Next!
Cheers
Chenzo
"DPRX megasell now"
You were the mega sell. 28k, right?
Cheers
Chenzo
IFU: Me!....Eom
Impressive volume!
Cheers
Chenzo
" "chenzo11, I din not write "end of the day", you did. I wrote "BEFORE the end of the day". "
Boy, are we splitting hairs now!
We both know that we were talking about the same thing. The PPS drops at the end of the day. Just for the sake of arguing I'll say from 3:15 to 4:00.
My point was that if the naked shorts were covering their shorts on a daily basis, the PPS would have to go up. Right? But it's not.
Why? Well here's my two cents: I believe pphm is dumping shares into the short covering at the end of the day. Thus no increase in PPS. Short and sweet!
The question is who are the BOD working for? The shareholders or the shorts? The shareholders have been getting the short end of the stick for many many years. The shorts and BOD are living very high on the hog.
Cheers
Chenzo
I don't share his optimism for pphm success. Eom
Great work in the trenches Wook.
Even though I'm on the other side of the pphm fence I can appreciate and commend your efforts.
Cheers to Wookie
Chenzo
"That is, the positions are closed BEFORE the end of the day"
If what you are saying is true, then how do you explain the SP "dropping" almost everyday, towards the end of almost everyday?
If the naked shorts are supposedly covering at the end of the day then the SP would go up....right?
I'll wait for your response
Cheers
Chenzo
And just like that the bid goes Ker-plunk!
The good news is there was a buyer and you now have a chance to buy low.
Cheers
Chenzo