InvestorsHub Logo
Followers 386
Posts 9065
Boards Moderated 3
Alias Born 03/04/2006

Re: SPM555 post# 2644

Thursday, 07/08/2010 9:53:02 AM

Thursday, July 08, 2010 9:53:02 AM

Post# of 10457
spm555 welcome to HSCC the mm's play a constant bleeding game. They open at ask which is usually slightly lower than yesterdays high then move to the bid. They then move the bid and ask lower usually withing seconds. On days like couple days ago when the price was clearly going up, 95k traded at .05 they immediately moved the bid ask lower. Stop or slowing the trades. Trying to knock some shares loose on the bid then sell them back off at the ask. Never taking risk, never moving toward uncharted waters. There are a lot of shares bought at levels higher than current price. It would make more sense on low volume days to support the price. No way. The mm's are hoping someone gets tired and puts in a market sell. Then they will knock the price on its axx scoop up those shares and then take the price back up just slightly lower than before. Do this over and over between news releases. The stock would have ran up couple days ago and gained momentum thru out the day but it was stopped. And look what you get yesterday 78k volume.Kills the volume. Anyone want to go swimming after the kid lays a turd in the pool?

Mid summer volume is usually not high anyway but 78k after news. The HSCC/ONYX joint venture announcement is much bigger than most people realize. HSCC has been in business for over 10 years. HSCC has been doing business with their largest customer Alcoa for 8 years.
"HSCC also is leveraging its relationship with a major Fortune 100 manufacturer to help integrate Onyx's compression and encryption software into a video-and image-based quality control process monitoring system."

This sounds like an upgrade to enhance "January 2008 Portable Video System engineered for Fortune 100 Company. Emergency and maintenance backup for HSCC 16 camera systems on multiple production lines. Don't ever expect any mention other than a Fortune 100 company when refering to Alcoa.

With the ONYX venture it is no longer just HSCC working to get contracts. ONYX has 5 divisions and 30 very well connected experts. Ground work has been laid.

It's just a matter of time before we get news of contracts. Eventually what will happen is contract numbers will add up and HSCC will say goodbye to low penny land just like it did to sub penny land. At that point anything we say on these boards will have no bearing on the volume or price.