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How does the Midway thing go again?
Mosh used to have it w/50% royalty interest.
So, they lost it or suffered a reduced status..
Now there is a possibility or likelihood of getting it back.
So was that a hurricane thing or PXD pulling the wool over...
So does pxd have it right now or I guess I am not as clear on the status as I thoght.
I also recall something about if a given block isn't producing that the state takes it back. That was just for the other wells right? or midway too. Is that how pxd got it?
Then there was the hurricane. So shouldn't the state consider such things? I mean ERA (energy resources of australia) got to declare "force major" when their mines got flooded by a cyclone. fcx got a break with a cave-in a while back, etc.
Another thought - a little disorganized here. tired i guess..
Somebody posted that heat and pressure in Midway collapsed the casing? Seem like PXD (who presumably installed) did kind of a slip shod job - seems like they could have used a stronger hi-temp casing...
One last stray thought - with all that heat and pressure in deep gas wells, even if they hit a dry hole somewhere, I wonder if anybody considers lowering a geo-thermal unit down there and using it to generate power. Other rigs in a given drilling area presumably need power even if they didn't sell it outright... - like i say, just a stray thought...
re: "What do you folks think about these 2 unfilled gaps"
Beautiful chart annotation by the way.
I guess you could call them runaway gaps but you kind of need a microscope. Maybe call then exuberance gaps.
I don't think they are any kind of primary indicator here. The one on 12-17 was much more violent and well defined, a single announcement triggered it followed by some quiet so in retrospect we could say it filled as would be expected. Likely, some MM were able to cover. So after that, uptrend was allowed to resume.
I don't like relying on gaps in general and I think they always need to be seen in a context of the background situation. For example stocks will gap up big on buyout news, but you will be sitting there waiting for the cows to come home waiting for anything to happen after that. That said maybe it's just better to focus on the background situation.
What I saw intraday ealier today was a 50k 5 min. dump at the open. That didn't work very good, pps started to recover immediately, so a second 5 min. dump, 100k or so, twice as big, at about 10:20 was tried with more success. They were dumps, not typical sell offs imo.
But it too was temporary, buying pressure resumed and pps climbed rest of day until the close where a final 30k parting shot dump was made to paint the tape lower.
My current thesis is that MM are getting a little overextended shorting on the way up, so a procedure is used to try to kill the momentum, quiet things down so they can cover or at least equalize somewhat. So I wouldn't be surprised to see another dump attempt tomorrow. Normally such things would be expected to trigger a cascade of panicked selling, other buyer scared off, such that then they can leisurely cover at a profit on the expected long tail down on ensuing days.
From what I've read, MM usually couldn't care less about the fundamentals and so forth on a stock. Plus in terms of MM money the amounts at play here aren't all that big. So maybe they'll just cover, jack up the bid and move on at some point. Maybe soon. I don't know.
What we do know is that .45 looks like resistance for the moment. Support? fib points? I think the fib points or average of about halfway back may usually be due to point where mm need to tidy up and cover once in awhile. Somebody thought maybe .30 ish . Technically we touched .32 today but forget about getting a fill retail. It was there and gone. Same thing possible tomorrow, we may touch lower but, according to my present thinking, any retail will be competing w/mm trying to cover, so mm will likely be getting first bite, then, right back up off the low... well, maybe, who knows? seems possible.
I've actually got a low ball bid in just in case <g>.
There's a lot of buying interest I think, so that's a powerful force opposing the usual shorting and bid whacking mm operations. Very likely we continue to climb into hearing date after the current mm adjustment dip is either over or moved ahead (or given up on <g>). The hearing is likely pretty much going to be confirmation of the known so may some levelling off after that. But since settlement news looms heavier from that point forward, maybe not much retracement. Certainly if there's covering to be done they better get on the ball at that point.
I noticed a new face in the mm front rows today. drat, my screen just cleared out ...DNBY? or something. Wonder if that means anything..
re: " put in a bid this morning for shares at .31 but Scottrade wouldn't allow me to purchase any.."
I just tried to enter an order as an experiment and , yes, still get the "contact your local branch for placing an order on this security" message.
but, All that means is that all you need to do is, call your local branch, or use the toll free number. That is what I did the last couple times. The commision was still $7, the online rate, instead of the usual 27.50 for "broker assisted" trades.
Anyway, regarding mosh, I discovered that once they enter the order for you, you can still modify order price online if need be (unlike regular broker assisted order placement).
mosh went to "restricted" status on Scott just after the first runup. I'm not sure why they are doing this now but I wonder if it might have something to do with supply of shares. My understanding of the nuts and bolts of broker/mm relationship is incomplete but I believe that some trades are executed by the broker out of their own inventory. Perhaps they do this to provide more rapid order execution. I also imagine that sometimes the broker will short sell them to you, so you will get your shares right away but then they have to go root around to replace them (cover).
There was a flap recently at Scott involving a penny stock they accidently shorted and sold to customer(s) at a pre-reverse-split price after the stock had already split and then they faced covering at 100x the original price - something like a million bucks or so was involved. It could be that the recent "restriction" issued on penny stocks showing large (upward) price action are just some latent paranoia from their little mishap.
The nice runup is obviously due a lot of retail buying but as opposed to regular short covering I bet we get/have a component of broker/dealers going to the cupboard now to replace shares they conveniantly shorted to fill customer orders and, well, what do you know, where have all the units gone?
Ah yes, the good ole law of Supply and Demand.
If it's any consolation, look at the chart, sure looks like there is more upside. imo.
There could be some kind of cresendo on the hearing date but, then again, that will be the date that a need for settlement would become a more serious consideration on the part of pxd et al. Presumably that could stimulate even more buying interest.
Unless the hearing somehow goes completely against mosh which seems unlikely.
It's not the lottery drawing anyway, just another milestone to pass on the way.
Actually instead of a lottery analogy maybe it would be better to think of the units more as tradable call options that don't have an expiraton date.
Welcome to Breakout Territory .40
so nice to be green <g>
Actually this was supposed to be a "courtesy" reply to priv email by GordonGecko. Sorry he had a link to this msg so I just replied to it and didn't notice until I had actually hit the button that it was going to someone else - can't delete - only edit.
Gordon, sorry can't reply to private ihub email right now.
If the mosh play pays off i think i will splurge and get a paid sub to ihub (among an other few things)
I think I traded brst last year when it was around 1.50
These patent litigation things can take along time.
Another one was immr. I hadven't checked on solm lately either.
Another litigation long shot that I almost dumped my tiny position in but that is currently showing a little activity now is splt. they are suing the ex-ceo to try to recover money as well as seperately some money from lg since lg had more or less insisted that they sign an "exclusive" contract to close the deal and then abruptly cancelled the contract due to poor demand for rear-proj tv's vs the other nre tech out there. They still have their production facilities and new (presumably honest) management, supposedly have a new deal going to make components for head mounted displays (same tech, different appl) so they could even pull out of their um, crisis, maybe...
So the term "with prejudice" indicates a state of finality in this case.
JPM makes amends in order to get off the hook, mosh gets what they wanted in exchange for letting JPM off the hook, basically the court indicates a "done deal".
ok thanks
re: "Did Morgan Stanley settle for 1.5 million and 3 million line of credit?? "
Actually JP Morgan Chase did.
Here's a link to the whole news story:
"Mesa Offshore Trust Announces Proposed Settlement Agreement, Including Resignation of Trustee and Appointment of Temporary Trustee"
http://www.businesswire.com/portal/site/home/index.jsp?epi-content=NEWS_VIEW_POPUP_TYPE&newsId=20071213005820&ndmHsc=v2*A1167915600000*B1199482510000*DgroupByDate*J2*M717*N1001462&newsLang=en&beanID=1963892417&viewID=news_view_popup
I'm not sure what "with prejudice" means but JPM had a conflict of interest since they did big business with pxd while ostensibly looking out for the interests of mosh unit holders, which they apparently didn't do.
And yes, you could say it was a bit bullish since it was a step enables mosh to go forward with the primary lawsuit which seeks to recover $1.2b from well operators pxd and woodside.
The hearing is expected to finalize that and is the next step toward actual trial of the main complaint. And, presumably increases the motivation for the defendants to settle.
most people buy lottery tickets the day before the drawing.
Probably many figure the hearing date as the drawing. So, wouldn't be surprised either to see buying volume come up, and trading range move up, as it approaches, probably a bunch right before.
Actually the "drawing" as settlement could come any time. The hearing may or may not be a big deal.
I guess maybe pxd could also be waiting to see if they can derail the hearing or otherwise fair on the day, so maybe the thinking isn't necessarily totally off.
better to be holding some as not. imo
Also agree the pattern looks good. Certainly does appear to be basing. No way to tell how far the tail may extend horizontally though chart-wise, this looks to be a good buy level.
re: "when a stock tanks for no reason there is obviously something wrong,..."
Yes, but not with the company. It could often as not, mean that a fund wielder is trying to create the impression that something is wrong, by dumping shares (not necessarily short but usually) to ward off would-be buyers and scare holders into selling. According to Cramer, they'd also launch a whispering or misinformation campaign to help things along.
The idea is to sell enough to knock the stock on its derrier and then while the hapless retails are standing by, rooting around for news, wondering what happened, they cover (if necessary) and make their buys before anybody else can get back in. That is, if the maestro thinks the stock has some pending catalyst to go up.
Otherwise it's the same old story about wrecking the possibilty for equity financing (or recovery from toxic convertible financing) such that the little target company goes bk and the orchestrators never have to cover.
But I don't think that's what we have here. It just looks like a normal retracement so far. In fact, I'd venture to say we are in the process of completing a consolidation pattern.
I half expect that maybe somebody will try a dump to knock some shares loose, at some point, but I doubt that there is much ammo for that or that if it fails whether the chances for covering or even getting any net shares would be worthwhile for them.
Theoretically a short would be otherwise pessimistic for a company to survive, in the case that he doesn't actually want shares, but with mosh, viability doesn't have anything to do with unit price. They have their properties, royalty income is coming back on line, units will revert to something reflecting intrinsic value regardless of what happens with the larger big money lawsuit issue. There is no dilution issue. Jacking around the share price wouldn't really "accomplish" anything.
Unless...
I keep coming back to the idea of - is there anything that prevents pxd from trying to buy mosh? On the open market? Maybe through a proxy? Any units they got would be essentially paying themselves that portion of any potencial settlement. Of cource their official policy now seems to be that they aren't interested in the GOM any more, so kind of a contradiction there. Then there's the hedge factor, also a potencial hedge for retail pxd holders. How many of them figure zero risk? Hard to say. The official position is "What, me worry?"
Either way, however many or few, they would be holding until the "fat lady sings". Most of us, um, "speculators" and investors, are holding & long time holders have no reason to sell now...
So that leaves us with MM, some who may or may not be aware of developments. So far as my understanding goes, they normally just take shares people hand them on the bid then turn them around, ho hum, and sell them back out on the ask, pocketing the spread. Normally they would want to keep some activity going. Things slow down, maybe price too high?, drop the ask, try to attract some buyers...
With the dimishing daily volumes I wonder if fewer and fewer units are "circulating" this way. Shares going out on the ask are "disappearing". Hardly anybody is selling back on the bid. Except for the forefront two with blocks around todays closing price, maybe those others sitting on asks .28 and above are beginning to wonder whats up (or are getting a clue)...
re:"pxd ceo...why not just tell the
stockholders the situation?"
Maybe it's just not in his nature to be forthright.
Need to conserve posts now
re: PERT coming UP on the BID "
oh yeah PERT 0.2050 now
a balmy 19 degrees here
I don't see why anyone would want to sell this low. With assets book value is much higher. When some royalty starts coming in. it's hard to guesstimate but even cutting everything in half i still always come up north of .30
AS OF 15:20
SBSH 0.1950 5000 ETRD 0.2100 5000
UBSS 0.1900 5000 SBSH 0.2140 5000
PERT 0.1900 5000 HILL 0.2800 5000
HILL 0.1800 5000 NITE 0.2850 5000
mexican standoff. who will blink first?
cold day today gas meters must be really spinning across the northern U.S.
I assume this is from the June 2007 10Q...
link i am using for it:
http://www.secinfo.com/d11MXs.u1T1u.htm
There is a lot of interesting stuff in there.
It also covers the gas impurity issues and katrina events.
"safety equipment" seems to imply filters for mercury. For the HS and Co2, it can't be too bad if all they have to do is mix in with other gas...
D&M seems reputeable based on search of business they have done elsewhere but they themselves don't seem to have a website.
I seem to get a slightly different take every time I try to read through it. One needs to read between the lines a bit, say like with the face saving original trustee stuff.
Well, I guess if it was completely clear-cut there wouldn't be any need for all the court stuff.
i'm in favor of that as well. yes, useful.
Less useful on threaded format (which thank goodness we don't have). What happens is the the heading, however horrendous remains. The other thing, though not so much of a problem, is that you have to read an initial message from an unwanted poster before ignoring - so it's like the courtroom : "Members of the jury are directed to ignore that last remark" but. right. ignore is adequate for most cirmcumstances.
the old CIS forums had a pretty good alternative too, to out-and-out delete. The moderator would simply move totally off-topic, grotesque etc messages/threads to a sort-of penalty box forum.
Saves from wondering what was actually deleted, for those that really wanted to know. since there is a possibilty for abuse of straight delete by an overzealous moderator, of course.
Actually this whole discussion about forum operaton and such is off-topic and probably would have gotten moved to continue elsewhere. Hopefully we won't get too far afield here before getting back to, what was it now, oh, yes, mosh <g>
They'll just subscribe, charge it to petty cash, and reappear.
In the old days, people had to use their real names and boards were actively moderated. I support active moderation. Heck, feel free to delete posts by me if you think I get out of line.
The claim of being a "charity worker", I've seen that on too many boards now. It's a big red flag, imo.
This is a little old (tactics tend to evolve over time) but you might find this interesting reading (if you haven't seen it already):
http://www.discovervancouver.com/forum/index.php?showtopic=82130&TOPIC_ID=82130
re: "Some on The yahoo board have a diffrent take on this lawsuit that it was mosh's fault that they didn't fire jp morgan from the trust, not pxd's fault, your opinion of this kind of reasoning?"
The only common point of communication is the trustee, the many aged widows, retirees and decendants who inherited units in a shoebox were given to trust the trustee to tell them what was going on. It's only fortuneate that somebody got a clue from external sources and then had the moxy to take extraordinary action before it was too late.
Sounds like trying to issue blame for unitholders not being clairvoyant.
re: "Flag/Pennant Pattern Forming"
I agree. High symmetrical pennant.
Pretty much just like gold did before its new breakout pattern.
ok ok green today, maybe lift off tomorrow
like they say... it's all good <g>
a doji today keeps the doldrums at bay
easy there big fellah <g>
i'm looking for consolidation pattern to complete. I'm thinking daily doji , which = good
we need to finish building the launching pad before lift off. (which looks like that's happening) and then, well, yes, up, soon, i think.
surprisingly little spurious activity so far...
sorry i like to look at charts though on a stock like this, it's a little like scientists counting neutrino ticks. - the data is barely above the noise floor.
agreed
re: lv II
Nite and UBSS now on bid @ .19
Some elbowing around on bid side, ask side stable
interesting (maybe)
5000 ask just hit @.205
SBSH .1925 5000 SBSH .2050 5000
NITE .1900 5000 HILL .2800 5000
I don't think so.
So far as i know, mosh has always been entitled to those.
re: "$30,624/day x 365 = $11,277,760 estimated production from 3 West Delta wells annually."
that is so cool.
so, $11m / roughly 70m units = .157 rev per unit
trying to be conservative here...
say $5m or so this year to pay off repairs
say, .07 per unit ...
a lot of trusts pay around 15% yield right now, say, we figure 10% yield ... working backwards here. that would put us at a unit price of around .70
The nice thing here is that those revs aren't "controversal", just nut and bolts = don't depend on uncertain legal outcomes.
hehe you beat me to the punch..
and with a lot more flair I might add. <g>
um, ok. there's something familiar about that article..
check the link at the bottom of my post 2202
hey, a little redundant backup is fine with me. <g>
I don't know what planets aligned to produce this but I noticed that the last two days of trading that the volume was exactly 232,500 units. STE charts were down last I checked so this is from MSN charts. Maybe they're a little wonky too?
Maybe someone with access to a different chart/volume history data can check..
One can imagine that maybe the same 232k shares are circulating between MM. If so, if that's pretty much all the loose units left that would be pretty nice for potencial upside sooner rather than later...
In any event, per Cherokee's excellent research efforts, the idea that actual float is dwindling would seem to be supported.
It could get interesting if certain MM had been routinely "temporarily" shorting to fill orders, unaware of the developing situation and then find one day that the shares available to cover pretty much completely dry up on them...
Sometimes that triggers a last dirch effort to spike down and free up shares as with IPIX just before it went from around $6 to $27 on a covering rally on news.
Even without that, vanishing float means any net buying will have a lot more horsepower on ticking up the price. I suppose one sign would be the spread starting to widen (presumably at a higher base than it is now with the ask getting hit despite that).
re:"Does pxd spending all this money they got from an earlier sale of properties,make a quick settlement with mosh more unlikely?"
I don't know. However, I recall someone citing that pxd still has a $1b+ unsecured line of credit. They have a $5.84b market cap, although debt/equity ratio is recorded as .85 -still some slack there I imagine...
Not that I have any legal expertise but I would imagine that the judge would glance over available assets and this would have some influence on any potencial award. If the award were so large that it would trigger a filing for bankruptsy, such bk proceedings historically tend to lock up assets and can go on for years in court. More headaches for overloaded court dockets. Do judges look ahead and strive to avoid unnecessary messiness? Hard to say. All in all, I would say that, probably, it would be the least of our concerns at this point in time. Keep in the mind that the case, while looking better and better, is still just moving along steps toward trial, it is not there yet.
It just seemed like an interesting bit of news so I thought I'd post it along with my initial impression which I may have over-dramtized a bit for possible entertainment value.
One thing that I've noticed with stocks that have a "soap-opera" factor i.e. some possible controversy, is that there tends to be a "cover story" for actions/price moves by big money and that big money/funds et al are generally responsible for moves that might be construed as exciting. That would be in bigger stocks like pxd or ldk etc. ("popular" stocks). Not so much pennies like tiny mosh which, with their low floats can pretty much, theoretically be knocked about with a feather, so to speak.
Taking this hypothesis in hand we can look at a few things w/pxd :
PXD pr trumpets that they are buying inland/onshore properties and so supports their relatively recent statements to the effect that they are no longer all that interested in the Gulf of Mexico. Maybe they will claim that, "no, we weren't downplaying the find, we're just not interested in the GOM anymore..." Why not? Well, there's the hurricane factor, that's a plausible excuse.
One could wonder whether with all the stalling, whether someone was waiting for more hurricanes to finish the job. But, no hurricanes, so someone may have been surprised/disappointed...Could the need for obfusgation, indirect cover, regarding a lawsuit in the GOM have any bearing on such lofty business decisions? That would be pretty strange. Whistling loudly, business as usual, as they "walk past the graveyard"... How's that for innuendo? (hey - big time financial journalists do it, why can't I have some fun too? Note that I even made it a little spooky <g>)
pxd insider selling suddenly got active recently. Maybe they think the price of o&g will go down? Of course many pundits keep predicting that every year now while the price soars. But it could be a plausible cover story. Not necessarily concern over some silly lawsuit, right?
I also saw a post i think on pxd board that cited that JPM is selling off their trusteeship department so they opted to resign as a way of tidying up their psckage for sale. A handy excuse, or was their internal outlook on the pending larger litigation a catalyst?
Until the Jan hearing, the main concern remains whether the new temporary trustee will act in accord with MOSH unitholders best interests. Seems like he should...
We won't know til we know.
The risk of failure seems to be going down, but, there is always risk. Some people talk like they're going all in. That's downright reckless. imo.
These sorts of attractive looking things actually come along once in a while. People should think about their "ouch" factor. If things don't pan out for some reason, will you just go "ouch" or end up like some poor sod one sometimes stumbles across on other boards emoting suicidal depression?
Drat I missed breakfast. Guess it'll be brunch now. Before I get _too_ negative... low blood sugar... <g>
re: removed post
um, don't look now but it's (2157) still there...
Fortunately I got my confusion out of the way earlier
(Mesa Royalty (MTR) IS NOT Mesa Offshore (MOSH )
Gets one thinking though, if mosh accepted properties as part of the settlement they could be used to re-constitute a royalty paying trust such that something approaching the .40 big Mesa pays - even .20 would equate to a 50% - 100% div rate for current holders based on current unit price..
wait that was monthly , wasn't it?
So even if mosh reconstituted at 1/10 the size of mtr, in addition to a big boost in unit valuation, would still likely get an equivevalent 50%+ yield, well, some kind of bigness...<g>
--sorry, didn't actually do any math on that speculation.. the calculus of counting chickens before they are hatched is an inexact science. hey, it's new years - who feels like thinking too hard?
Thing is, I had been discounting those who liked the idea of resumed royalty payments, but starting to see how that wouldn't be so bad either. Rather good actually...
I see no reason why MOSH couldn't accept producing properties instead of cash...
PXD spending money like a drunken sailor on shore leave. "Our" settlement money.
The nerve!
"Pioneer Closes Three Acquisitions Totaling $445 Million
Wednesday December 26, 8:30 am ET
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD - News) (“Pioneer”) announced today that during December the Company closed three previously announced acquisitions, expanding its substantial position in the Spraberry and Raton fields and gaining additional acreage in the Barnett Shale, a new focus area for Pioneer.
The Company invested $150 million in the Barnett Shale play, a significant step toward achieving its goal to build a core position in the play.
Combined, these three acquisitions add more than 1,000 drilling locations and approximately 140 million barrels oil equivalent of resource potential. Approximately one third of this resource potential is estimated to be proved reserves.
[...] "
http://biz.yahoo.com/bw/071226/20071226005005.html?.v=1
Odd that the stock spiked up considering the apparent bad news that just came out in what appears to be an obscure local newspaper...
...A press release issued by SpatiaLight at the time credits Olins for advancing the company's technology and manufacturing process, and for securing a business arrangement with an Asian company. That deal later was reported to be terminated.
This portion is a bit of a concern. How can one verify whether they are still going forward with that aspect of the new business plan?
re: price action
I think the last dip here is, as others have conjectured, probably just normal in-and-out trader action. End of the year influences (tax selling) -- portfolio cleanout - in this case might end up being like cleaning out the attic and accidently throwing out a valuable antique. Then seeing it appear on antiques roadshow for a zillion dollars. <g>
Another thing that can happen though is that some hedge funds (or people with similar capability) can utilize a little trick of selling to drive the price down with the idea of scaring investors into thinking that something is wrong when in fact there is no news and no change in the story or fundementals.
Current conditions of low float, low volume, end-of-year, low overall market sentiment, most traders likely preoccupied elsewhere... these are ideal conditions on which to "piggyback" manipulative selling. (one place to read about this sort of thing is ex-hedge fund manager Cramer's "confession", though there is a lot of discussion around on the topic if one looks for it)
Usually the target is a nearly bankrupt company to begin with trying last resort "toxic financing" that is tied to share price = massive dilution. The scheme involves (using shorting - naked and otherwise) to get the share price so low that equity based financing becomes impossible and the company actually does go bankrupt. Once that happens the short sales no longer need to be covered. Especially handy in regard to naked shorting (with no intent to cover).
MOSH is a different animal altogther (no dilution) but may have been grouped in with all the little riff-raff companies. Since there can't be a whole lot of free floating units around, with the thin trade, MOSH's price can likely be moved with a typical fund managers relative risk on the level of their "loose change". if they decided to. I'm not saying that's the case here, but is something to keep in mind.
Another clue is the appearnace of boiler room "bashers". I didn't think we rated just yet but with the recent message deletions... are they starting to fit the bill? e.g. repeatedly post bizzare, totally off topic, or emotionally inflammatory stuff to disrupt discussion. Some people consider their appearance to be a positive (contrarian) indicator. Not always, sometimes they just hasten the inevitable with a truly cr*p co., but theoretially, if the investor has done his DD, has a better chance of telling the difference.
This could get harder and harder to hold as time near future event point(s). I wouldn't be surprised for a nasty dip as a last attempt to cover or grab shares right before a big "surprise" announcement. Still could go either way, or result in another postponement...
The lottery ticket model isn't a bad one. One doesn't sell one's lottery tickets just before the big drawing. But it is also generally wise not to buy so many one starts losing sleep over it. With court and legal findings in play, won't really know till we know.
Actual recent MM for MOSH
UBSS UBS Securities
SBSH Citigroup Global Markets
HILL Hill Thompson Management, Inc.
HDSN Hudson Securities
NITE Knight Equity Markets L.P.
NIII Noble International Investments
VFIN VFinance Investments, Inc.
PERT Pershing LLC
LABS LaBranche Financial Services
ETRD Ethos Securities Corp. (not ETrade as I first thought)
DOMS Doft & Co.. Inc.
GNLN Gunallen Financial Inc.
SALI Sterne. Agee, & Leach, Inc.
?...what is she wearing ?
or not.. <g>
maybe not actually evil, just naughty...
kind of a new slant on the idea of "naked shorting" <g>
Sometimes a little silliness can lighten the mood, felt the need for a bit of diversion after the 30% drop fri.
I may have inadverdantly triggered some further board disruption, if so, my apologies to the other more serious minded.
Actually went on to use some time a little more productively. will post info under a new heading...
ended the day with a nice hammer on the hourly "
I hadn't noticed that.
A mini hanging man, a nothin, and a hammer....
I'll take a hammer over a nasty black candle any time.
Actually everything perked up a little overall in the last hour.
Hopefully we'll see some signs of a reversal or at least, I would think at this latest indication, stabilization in the next daily...
zzzzzz oh what ?
I'm not rev but hope you don't mind if i reply.
There hasn't been a trade for an hour. Markets are so low volume now. I've seen more blinking on my quote list ah.
opps. there's one. went through at .21
.19x.21
Nothing has changed. There is too low volume to tell anything.
We are in a retracement. Probably need to look for a something resembling a down doji in coming day(s) which could preceed a reversal. COuld still shoot up like a rocket on positive rumor/news any time. Will probably inflict the torment of a long tale down as traders get impatient.
It's funny, I'm been sort of dazing out staring at mostly quiescent lv II screens and start visualize what the various MM acronyms might look like -- I keep visualizing cartoon characters (am I bored?)
UBSS - Uber Boat German submarine caption
SBSH - Sagebrush Shorty
HILL - King of the Hill Frank Hill
HDSN - The Green Hornet
NITE - Knight RIder - black leather
VFIN - Aquaman
PERT - Beer Stein Girl's evil twin
ETRD - A robot
NIII - A Knight of Ni (Monte Python)
LABS - Some guy in a white lab coat
GNLN - A Gremlin
re: "They may have 5000 to sell or 5MM to sell--the ask size does not really provide hard info."
Thanks. ok that makes sense.
So we really do not know how many a given MM may have "in his back pocket".