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I watched L2 Friday. Something much larger is going on. As I said, I thought at first it was a dilution issue, then two MM's boxed the Bid/Ask for as long as they could ('yes surprisingly it looked like were trying to keep the price under control and stable). In the afternoon the Bid started to get cut by 2 cent pops. At one point a double hit of a 100 order kicked the price down by 5 cents in seconds. Either stop losses were triggered or people were buying large on the Bid into the discounted price. But then bam, another under bid stopped the momentum. No I don't spend my days gazing into L2 but look I been on a run of bad luck, so taking a week or so off from short term business.
This Sandy guy on ST was called out shorting at 5.01. He says he covered. Who knows, like others I am still curious how he got the article and his info like that? There is a guy out there that teaches(which I don't blame) to read filings and question things out of order. What I also know about HIM is a group runs with him. Mr S may not have a position long to short but that never rules out interest in the price of the stock.
Why are "they" after SLTD? There is so much garbage out there to warn investors? Like everyone I did my DD. I know what I am into, and I am not concerned about short term pricing. Not many novices are chasing this stock?
I do wish to say mostly everyone on both sides have been productive over the weekend and appreciate the conversations.
How is that a kid who just opened an account name here less than a week ago, shows up ST two weeks ago and now has a position paper on SA which looks like a long study on SLTD? Of all the stocks he picked why SLTD? I am open to hearing center points, but this stock? Of all the crap stocks out there he starts with SLTD? I am still long, the numbers will speak for themselves, someone tell me that this is more then some kid f'in with my money? As I said I welcome open conversation from both bears and bulls, sometimes the bear is right but what is behind this kid?
Yes, I agree look at the train wrecks of ECIG or VPOR?
I joined a few months ago, I use to watch some stocks in the cents range but started to find them interesting verses following a chart trend and catch some good options action here and there. A nice diversity of spending my day doing a matrix stare into L2 thinking I have magical powers of sense, when in reality I don't. I been in 3d for six months, I like the value, the management, and direction the company is going in. Plus for anyone who understands the feeling of going on a cold streak, its like those times when I go into a casino and tells friends to bet against me.
Agree, just read his positions comments, I should have ignored when he uses the famous, "I hate to see good people loss money" bit. I am sorry about losing my cool.
This kid is a phy major, limited trading and claims to swing trade on a monthly basis? He calls people Bro and explains his position as being a concerned author? What an ass, the action on L2 is now understandable, I thought possible dilution but really now a short attack. The Bid is getting cut at times by two cents under out of nowhere. Well F him,
Long SLTD
Was that your order @ 1500 units?
I learned something new
Double meaning? I know how that song ended a story!
Its would be a really bad night of Black Jack down in AC for me.. well at least at the place I use to go to..
Yes, begin to worry. This is not just some random event for the company. This is quiet serious, but as another poster has said I am becoming more concerned about the lack of communication. We are shareholders, we are own this company. This is very unprofessional behavior. This management should know better. I mentioned in other posts about who really holds the majority of the company? That was a nice build up with cash flowing into the stock today, if they screw up the 10K, it will be a bloodbath tomorrow for longs!
GLTA
Wheres that CW frog at?
Where are you seeing A/H action? Turned on my monitor and its basically still lined up when it closed. I don't even see any T trades beyond .9, what are you talking about and why bother telling people about events that can't happen on the OTC?
Binary Ihub?
Wheres the guy who says we are catch a falling knife? But hey I know we will be seeing our answers very soon..
GLTA
Wow your all caps makes me take notice. I thought you had enough last night. If you are short cover and go somewhere else?
True but if you look at it after awhile you see the trends. About 20 minutes ago someone was blindly cutting under the bid. Somedays that might start a down trend but right now its not working. Plus you get to se some large sandbag orders and as the trend changes they start chasing. Sometimes L2 move so fast like on AAPL its a blur.
Shares are getting scarce, L2 has held with the spread and processed amounts are going into the hundreds either way.
Volume on the bid!
L2 is thin…
At least VFIN isn't undercutting the ask as much.
I thought I read somewhere, someone (yes I know terrible fact checking) said something about ECIG paying a .01 cent div, at 19,000,000ish that would be under 200,000. What would that do?
The TA should have been gagged long ago, it was a daily report of how many shares were still coming. Perhaps this is new managements way of doing things. I have had doubts too, read some of my last posts, the lack of communication is nagging. I got out before R/S and now I am jumping back in. I made some money don't get me wrong, not pumping either, I know the risks. It will be a great blemish for some of these guys if they do screw retail. I give it 50/50..
I didn't mean it as a bash. I really was in BLTA long ago, lost some coin and then got distracted by a divorce.
Starchaser..
I almost fell out of my chair when I saw this on the top 10 list! Yes I remember those times too, long ago. I have to say I was shocked to see they are still around.
For those who use Scottrade
My SLTD shares were in Scottrade jail close to 10 business days after that R/S.
I thought about all this last night
The timing of the R/S and the revs release has to also be related. Yes call me crazy but maybe management is thinking that people might panic after the R/S and not let the revs sink in. I hate Enron and what it did to people such as myself but they left me with their catch phrase since then.. Why? Why? There is a piece of the puzzle I am missing somewhere? I believe they will release at any moment, What shares out there seem to be stable, could the shorts be holding off incase there is good news? Well I jumped back on today, I am feeling something interesting might happen!
I can't say things will be okay
I also got OUT recently. I learned this transition with the R/S, most recently with SLTD. That board plus the chart might help a bit to understand what might happen. I am not bashing, but there is current weakness, it would have been nice it there was time to stabilize things. This wink and a smile business in divining information from the company is unnerving. With that said SLTD and ECIG are in very different places as the SLTD R/S came with an up list and numbers with management that communicates with shareholders. The CEO emailed me from his iPhone about a question during the R/S, he talks to us.
My girlfriend vapes Fin, (Yes I turned her on it to get her to stop smoking.. so far so good) and we went into Walgreens and they are having a two for one sale (Refill packs). The guy next to use said to just go to the Vaping store nearby and get the nic juice. They know how to fill them and its much cheaper. We are in the Philadelphia area, Vaping stores are popping up everywhere.
Brutal
Watching L2 was like watching a boxer taking down his opponent down skillfully. One step up and pow, knocked back two. There was a large gap that hit late for like .05-.06 in a flash. As I mentioned yesterday ASK was always ahead of BID. Where are these shares coming from? Well hell it was like GE in 2008, just watching it fall and thinking to myself this isnt making much sense?
Watching L2
Seems Ask was undercut by 3 cents at times? Bid was hit all day with mystery shares? Anybody else can help me understand what I was watching?
Was anyone watching L2 today?
Someone wanted in at .071, one million shares. Curious if it was a chase bid or if someone wanted in for 71,000 dollars?
My stop loss triggered
I watch the opening thing seemed fine, walked out to morning coffee. Came home to find I was out at .10 on a stop loss. Brutal might I add, I am out still green but disappointed. As I mentioned in another post I was in SLTD during the R/S and up list. Things seemed to be settling over there, I sent a message on the company website expressing a thought. Within 10 minutes Jim the president replied to me personally. I have been leaving comments and questions on ECIG website, not even a reply. I asked about blending kiosks possible in the US, who are wholesale contacts, ect, ect... Nothing. Internet presence on social media, that's a laugh, excluding UK. I took a long look at the board and their pictures, bio, ect. What this company needs is a couple young guys/gals, tech savvy, responsive to the needs of todays information needs. Its not their fault, half of the leadership probably flinches at the mere idea we would question anything. These guys got great bios from companies where they would never interact with us. I hope to get back in, this vote thing now is coming up and a R/S, A/S increase, with it being implemented quickly possibly is keeping me gun shy. If it takes back off I truly wish this longs well.
Lots of smart people here
I admit I got a bit concerned and let my cost go around 14.5. So I am free-trading with the rest. Still respectable, and am hanging on. Cooler heads are speaking with reason and I am back in a positive place. I remember 4's begging for 5's not too long ago. I have to admit I learn more from this board and the people who contribute than my last 15 years of sub-par trading. So thanks!
Go ECIG
I might go too. NJ Transit Train into Penn, 5 dollar trip? I don't know about you but this snow took me by surprise today..
Did anyone see that brief 600000 K flash from COHI on ask?
COHI
What the freak is it up too?
I called the proxy center
It was around 5 PM, they asked for my name and zip code. Read me the motions and I changed my vote for Yes on R/S. I read back my name and they confirmed the vote, quite painless.
GO ECIG
This reasoning is why I will change my vote to a yes on R/S. Besides not making much sense in the logic, you wont vote your conviction. Rather than vote at all, which I read they need a quorum, the idea to suggest not voting at all at the end of your thinking leads me to think your motives are elsewhere. I am in the middle of the SLTD reverse spilt. That was a surprise and they are calling all shares back and depending on who you use as a broker the shares could be tied up-frozen for days. Scottrade told me at least 8 business days. (Plus a 20.00 fee) I don't really care cause I am holding it, might I add with a 15 percent ish positive movement after the R/S. I am sitting back though thinking of the shorts coughing up the shares needed with a smile.
With that said
I first stated I am reversing my R/S vote, thank you everyone for the private messages.
I am very cynical about management, any management. As a survivor of 2008 I can tell you I never take anything management says as friendly advice or direction. This isn't a rant but a hard lesson learned. People like Golden Slacks were selling instruments to investors yet were betting against them. Jim Creamer said Leman Brothers was doing okay, hey remember that Enron thing? Hard numbers and verifying what management says can not be taken for granted. Yes I understand this is penny world, I think this management is trying, if it wasn't for Pink investors like us they would be in CH 11 by now.
Long and Strong ECIG
A bit of help please
I am in the middle of switching from Scottrade to TD. (A world of difference, after seeing think or swim w/L2 it was a no brainer) I am willing to switch my vote on R/S but don't know how. Scottrade is not offering any advice as I am leaving them (transfer papers received), plus they are holding SLTD, SLTDD, SLTD# whatever they are calling it, for days until further instruction.
I emailed the company a few days ago and no response, I don't need to talk to Phil as I am satisfied with the reasoning. If someone does strike a conversation with him, who ever is in charge of the website needs to wake up with at least giving a response they even got my email request.
Pleased this week, a few bumps here and there. I was around when we were at this point and began that long drop back down. Thanks milstone for the emotional chart.
I always take the chart guy with a grain of salt. His crew is taught all pennies are scams and in their chat room was called dumb money for playing down here. Plus without taking into account the news and shifting share allotment, its not effective to find points on a paper that line up without have a steady measure. I think I am banned after trying to explain diversity of a portfolio.
I know I have a low post count but this stock brought me here. I have learned a lot from everyone here, thanks! Anyhow when things started to look badly and then new management was brought on, I became almost convinced of my belief in this stock. Rats run from a sinking ship, people with reputations and established reputations come to the aid and right the ship.
I heard one in the Philadelphia metro area. Large radio station, a woman talking. Seemed to be focused on the younger people. She went on about the features and that it is in 3000 locations. As to the locations wasn't specific. Up beat and surreal at the same time. It was on 104.5 at 1:45 in the afternoon two days ago.