Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
LOL, what a dog-sh*t stock. 2nd bigly dump this month (6/1). How many more to zero?
LOL, how about .01? There was 500k on the bid at .0095 and then a swash of small and big sell orders took it all out. Very strange.
1:55p dumpage?
I do believe ASCM is the one in big trouble. Hopefully they can cover around .018 and the "tag"can come off tomorrow or Wednesday. OTC rigging at its best! 58M in vol against a 40M float and we are red? LOL
A stock promotion badge? Seriously? Gee, I wonder what MM is naked short and the OTC fake badge has come to the rescue. Such games they play.
Wow! They shook the tree big time for late day shares. With only 40-45M in the float, I think MM desperation is slowly setting in with 47M in volume the past three days. For those holding, next week should bring fireworks and much higher prices IMO.
Thanks for posting your question. Pipe dreams indeed.
Z? You can't be serious! My IR response was "we will put out news when appropriate."
I wrote IR last week with the same question. Crickets.
Bid increase on low volume. Wide spread. Hmmmmm
Yuppers. The tide is turning again! Good price action and volume today!
Something is up - I can just tell with L2 movement. Locked and loaded for hopefully another bigly run!
Holy moly! WTF?
CDEL showing 194k. She won't move today. What a joke.
I wrote them back:
So, since you can’t control what happens in the market, how is the
company going to deal with Ascendiant Capital Markets and Citadel
Securities who will naked short your stock every time it gains
momentum? It seems that without a plan of action, your stock
will never be a good investment as the market forces will always
keep it down. Please share your thoughts, with some detail.
Thanks
xxxxx,
Full Alliance Group is not diluting its stock nor do we have anything negative going on and unfortunately we cannot control what happens in the market, the company is doing its best to build shareholder value.
Sincerely,
Full Alliance Group
11/13 438pm
I think he is now in the loading phase. FYI - I sent a note off to ir@fullalliance.com regarding the Mon/Tue debacle with still no response. Another avenue is thru CEO Dr. Paul Brian Volpp. 760-739-3371. Never hurts.
Until CDEL quits manipulating and lifts off the ask - this is going nowhere. Just sayin....
Penny stocks are loosely regulated which opens up the door to market manipulation. One form of manipulation is where market makers will naked short a stock. When a market maker shorts a stock they borrow shares. They borrow the shares and sell them into the open market. They then promise to buy back the same amount of shares at a later time.
For example if Market Maker CDEL decided to short 100,000 shares of a stock that was trading at $1 a share they would borrow those 100,000 shares sell them at $1 a share for a cost of $100,000 plus a predetermined amount of short interest. Lets say that stock went down to .50 a share and CDEL decided to cover or buy back their short position, They would then spend $50,000 to buy back that 100,000 shares, and their profit would be $50,000 ($100,000-50,000=$50,000 profit). Now lets say the stock went up to $1.25 a share instead of falling. If the short seller CDEL had to buy back or cover at this price it would cost them $125,000 for the 100,000 shares. So they would end up losing 25k ($100,000-125,000=$25,000 loss).
Now with penny stocks market makers are extra aggressive. They will do what is called naked shorting. The SEC allows market makers to take up to 72 hours or 3 trading days to find shares to borrow. It is called a naked short because they don’t have to actually have any shares available to borrow for up to the 72 hrs. After 72 hours has past they must either buy back the shares and cover or find available shares to short.
Market makers got smart and found a loophole around covering their shares. What they would do is arrange secret agreements with other market makers. They would help cover each others short position. This allows market makers to extend well pass the original 72hrs. They can get away with this for up to 30 days before they have to cover all of their shares. They extend the time hoping the stock will fall in price before the 30 days are up.
Just a quick thanks to those who are selling at these levels!
“When the market makers decide to shake the tree – many of the weak hands decide to flee.”
11/11/19 Summary
ASCM was last week’s game player. Today is was Citadel Securities (CDEL).
A 49% takedown on ZERO NEWS. Quite impressive.
Buy volume: 309,171
Sell volume: 604,057
? volume: 16,582
ASCM + OTCX playing games this morning. Expect a quiet day which we needed.
7% a day keeps the P&D'ers away.
11/8 recap. A 1,182 sell at the close kept us from closing at the high of the day. No worries. Another solid day. I see .30's next week easy.
.235 close
.243 high
434,854 buy volume
111,238 sell volume
Happy weekend Fagi's
11/7 Final .219 +.049 +28.8%
Buy volume: 757,367
Sell volume: 248,497
Excellent day with continued momo!
I just cleared out OTCX for everyone. We should move up now. (Teasing, but wow, two bigly 50k buys! Nice)
FYI: ASCM was not active yesterday.
ASCM is the most popular market maker for shorting penny stocks and create a scare when they're on the ask close to the current price level. ASCM often appears on very volatile stocks that made a nice move and ASCM looks to short for the price per share correction. When ASCM appears on the bid side close to the price level it means they’re covering their position. In order to cover they need to buy back the shares they shorted so it often provides an area of support.
Ascendiant Capital Markets LLC
Yes! Vol has really subsided but that's OK. As with the past couple of days it comes in spurts and she looks like she will hold .20. If we clear .23 later today it will be very positive going forward.
ETrade person dumping 104k at .23
100k at .245 posted and disappeared. Yes, .30's coming but I don't think a thing of the past by tomorrow. Maybe next week!
Update: .181 open. .255 high. Current .22. Biggest trade = 42,500, Only 5 trades over 10,000. Lots of small trades otherwise. Total v = 264k.
Absolutely
I will be watching trade size closely and looking for ask gaps (.14-.17 yesterday) which will be a good indication of available shares. Noticed that most of yesterday's buying was 20k to 30k max so I'm not sure if someone can buy 50k to 100k at this point. I really think the MM's are going to have a problem. We will know a lot more after today.
LOL...I was hoping but not a chance now. I think it will be a feeding frenzy on the ask tomorrow with much higher volume. Once newbies realize the potential with EBO2, and what looks like hard to get shares, it will be off to the races. Still think .75 is easily in the cards and some on here are thinking $'s. Reminds me a lot of DCGD when it got started. Whatever the next couple weeks bring, it will be super fun to watch.
...and NOBODY seems to be selling.
I don't think there are many shares available to buy. Why she went from .14 to .17
#45 https://investorshub.advfn.com/boards/breakoutboards.aspx
Crap. Hoping to keep this under the radar.
Shhhhhhh.
.10 has lifted. Up up and away!