What a gift these market makers are giving us.
The question is whether shareholders will sell their shares or will investors add to their holdings at these prices. Because the fact is that nothing has changed at Torvec since earlier this week, unless you think that hosting another contingent of folks from the Air Force is a bad thing.
There have been 4 trades today. A purchase of 500 shares at $1.95, the sale 1200 shares at $1.85, and the sale of 600 shares at $1.55. Yes, the market makers dropped the bid from $1.85 to $1.55 on only 1200 shares sold. Makes no sense to me, but it makes a lot of sense to the shorts needing to cover.
In looking at the price today, some investors could easily be scared into thinking that the 'tracks are coming off the FTV' or that something bad has happened at Torvec. But that just isn't the case here.
On the contrary, my opinion is recent decline in the stock on little volume is likely the work of the market makers/shorts who are attempting to scare shareholders into dumping their shares at these ARTIFICIALLY LOW PRICESso they can cover their short positions before Torvec can announce a deal.
By the way, has everyone read the latest shorts posting on Yahoo's message board. Take Jeffd1993 who first appeared on the Yahoo board on July 28th. He's been tossing around all sorts of nonsense for over 3 weeks now. By the way, it's rather intersting that he only joined our little party to blast the Gleasmans and Torvec a few 'short' weeks ago. And why the uptick in the frequency of his rhetoric in the past few days.....posting 12 times in 24 hours. Must be really short, and very desperate to cover the position.
Luckily very few shareholders have fallen into the trap. All we have to do is NOT SELL ANY SHARES and we beat them at their own game.
I would say the shorts are literally 'ALL IN' to take a term from all you poker fans. Can you imagine the pain the shorts would feel when Torvec inks a deal. They won't have any time to react. It will simply be too late for them. So instead, the shorts have realized that the head winds that Torvec once faced have turned into tailwinds, and they are scared to death that Torvec could one day and without warning, annouce a deal. And that's why they are working overtime right now to shake loose shares at these low prices.
So what should us STRONG & LONG shareholders be doing at a time like this......we should all be adding a little to our positions and srewing both the market makers and the shorts at their little game. And it wouldn't take that much stock to do this either. A couple hundred thousand shares of buying would kill their strategy.
I suggest a group of us sfrom this boardBUY A BLOCK OF TORVEC STOCK ON THE SAME DAY OVER A SHORT PERIOD OF TIME.
How about NEXT MONDAY MORNING STARTING BEFORE THE MARKET OPENS AND CONTINUING THROUGH 12 NOON
So what does everyone think of my idea. Common let's have it. This is no time to be shy, I can take it.
You can count me in for 10k shares to buy....how about you DINO.....next monday will you buy 10k shares. How about everyone else? It doesn't matter if you buy 500 of 10k shares, just buy some so together we can screw up their litle game. But don't forget, market makers don't need to fill 'limit orders'. But they must fill 'market orders'. So do like I've been doing, and keep put in all your orders as market orders for 500 shares each. That's the best way I've been able to accumulate shares at the lowest prices. So who's in?
I've been adding shares in recent days/weeks. But having spent some additional time with Torvec this week, I'm convinced that one or more deals will be the result of their steadfast efforts to commercialize and/or sell the company's products. And it won't be for $2, $5, or $10 per share.
Based upon their meetings, discussions, and travels over the past few months since my group met with management in April, and the list of people and companies scheduled to travel to Mt. Read Blvd from literally ALL OVER THE WORLD over the months to come, I'm only too happy to add to my position at these levels.
Remember these comments of mine from earlier this summer.
Here's an idea.....let's send the market makers a little message of our own from all us little guys who are invested in Torvec before the company has a chance to get off the OTCBB......what if all 3,800 shareholders bought 1,000 shares each of Torvec at the open tomorrow. That's 3,800,000 shares of Torvec on the buy side. Where would the stock come from?
Dread has already established that the first of our shareholders isn't willing to sell until $5 per share, and at that price, only 10% of sharesholders will bail.......ok, let's think about that.
Out of the 32 million shares currently outstanding in Torvec, let's back out only 20 milllion of those shares for the insiders. That leaves roughly 12 million shares held by us little guys. Well if 10% of use little guys would sell at $5 per share, that's only 1.2 million shares to be sold off at $5. Then if 7% of us, according to Dread's survey would sell at $10 per share....that's another 840,000 shares to be sold at $10.
But remember, each of us buying another 1,000 shares would require the market makers to come up with 3,800,000 shares to fill all of our orders, and I don't think given that enormous buying pressure the market makers would choose to short the stock by selling shares in Torvec that they didn't already own as that would be too riskly. So they'd have to fill the orders, they'd have to raise the stock price to a level at which they could attract enough sellers in Torvec to sell out their position so that they could get their hands on the stock they needed to fill all 3,800,00 share on the buy side. And if only 17% of us would part with only about 2,040,000 at $10 or less, can you imagine the problem the market makers would have trying to fill the other nearly 1,800,000 shares that they would need to meet the 3,800,000 shares of demand from us little guys if each shareholder bought just 1,000.
Again, the only way the market makers could fill the orders would be to raise the price to a level at which current shareholders would be willing to sell.....my guess is that the price at which the buying pressure would equal the selling pressure and at which the price would settle out is somewhere between $10 and $25 per share becasue although 27% of Dread's survey indicated they would sell at $25 I would bet that they would go sooner if given the chance on a spike in the share price.
But remember, the above scenario assumes that only existing Torvec shareholders each buy 1,000 shares......What would happen if Torvec added new shareholders, perhaps resulting from the announcement of a deal or two, or three.......what if 1,000 new shareholders tried to get in this action and buy 1,000 shares each.....what if 10,000 new shareholders found their way to Torvec over the next couple years....
P.S.....Market makers are not required to fill limit orders....they are only required to fill market orders.
So do we have a deal....will everyone at least who reads this board agree to put in an order to buy 1,000 tomorrow morning. Let's have some fun with these market makers......they've had more than enough fun with us over the years.....I think it's time to make them sweat for a change.
AI
