Anyone have any thoughts on the following? I posted it kinda late last night....
Posted by: Shankman
In reply to: None Date:6/24/2007 11:56:02 PM
Post #of 74034
A few weeks back I was in another stock that began to show the makings of a strong run. As soon as this happened I was told that TDAM slapped a buy restriction on the stock. However, the run never materialized and the restriction was lifted almost instantly. I believe it happened all inside of one afternoon or possibly over a few days. The point is that it was a very short time period.
Based on what has happened here and the postings/research over the last 6 months regarding the Atrade restriction on PNMS some of us have collectively reached a conclusion that the Canadian arm of Atrade (Waterhouse) may possibly have some offshore hedge funds that have shorted PNMS. This opinion is also supported by the fact that the restriction was slapped on right around the same time the land divvy was announced AND Waterhouse is still allowing buys of PNMS (which they would have to do to allow any possible shorts to cover).
Now you have to ask youself this question (regarding the first paragraph). The stock I mentioned was on the brink of a major run. Why would a buy restriction be placed and then subsequently lifted that quickly?
Now onto PNMS. I have an email or a post on here somewhere with a date that Atrade told me they were supplying the NOBO list to Panamersa. If memory serves me correctly that date was sometime in the first week of March, however, I believe other Atrade clints that post on this board have been told something different. I personally have been told that they were attempting to settle the restriction problem with Panamersa and that the "ball was in MT's court." Now, the question is....did that conversation between ATrade and Panamersa ever really take place? There are conflicting stories that have been posted here on IHUB.
Another question you would have to ask would be why would Atrade be the only brokerage house to find something wrong with PNMS and restrict is when no other brokerage house (to my knowledge) has found probable cause to do the same?
IMO (and several other posters) the Atrade restriction has negatively effected the PPS or PNMS. Personally I would have bought several more million shared over the last 6 months (especially if the price was at .0011 LOL). So, the PPS is driven down, everyone sells off (in theory) and the hedge funds cover. Only problem is that did not happen here. So the buy restriction stays. It is a pretty reasonable theory.
Why the Atrade ramble you ask? Well, I have always considered myself a pretty fair moderator/poster on this board. I do not think you will find too many "to the moon" or "$1/share" posts in my history. However, looking at the events over the last 6 months I have come to the conclusion that there is a serious uncovered short position in this stock. How much is anyone's guess.....my thoughts are several hundred million.
All of the pieces fit together for me now. Once Atrade put that buy restriction on my other stock and lifted it that quickly I went from being 90% sure to 99% sure. Now that the PDR Exchange is up and running it is every man for himself. If a short position truely exists here those people are not going to want to get caught holding their bag. I would love to see some PRs from Panamersa in the upcoming weeks with official cert counts. That would only add icing on the cake.
So, to sum it up IMO there will be a MOASS on PNMS. It may take a few weeks to materialize, but once it does, look out!!
Not a buy or sell recommendation.
AI
