4kids
Obviously, people are really taking a liking to what you offer, so I'll definitely lay off going forward. I know I've been hard on you about all this, but would like to discuss a few things as rationally and calmly as we could. Maybe some understanding over what drives me nuts about your angle of seeing things can occur.
2.20-2.40 was a very thick resistance area for JBII, with 2.50 really the last point of resistance until about $4. That is the reason there was little volume and few MM's after the break of 2.50. Traders who want to get $3 for their shares aren't going to load orders for all to see until it gets near the psychological point of $3. Soon as it gets there, sellers try to get some of that action. Other MM's jump in front of those traders(yes maybe to short), then those traders rush to get filled on their sells. As they stampede in, driving price down, the MM's that executed that can then cover. It's not a conspiracy, it's just how markets are made.
One of the points you make that drives me the most nuts is that somehow the price going up(or down) justifies everything you say. You say an uplist(not the actual trigger event), but the road to will show. You also say that a JV deal will also show what you have been saying. My problem is, why does it do that? Why is it not the fundamental event that is huge and would drive in buyers the reason? We know that people act in herds. If they see the good news, and suddenly realize all the good things we speculate about the company may be true, they buy hand over fist, and in herds. Sure, there is shorting going on, but I don't understand why you are so obsessed with it, talking about it daily, and that seems the key motivator for you. It also seems to be the main reason you believe the stock is rising.
You also seem to ignore that the float doubled from around 14 million shares to 30 million plus over the last year. Do you not think that a good deal of the selling pressure was from that?
Last thing I think you ignore is how few shares it took to make the run from $1 to $7.70 in late 09 when you talk about the few shares it took to crash the stock. I don't deny that shorting *lubed* the fall, but you seem to deny the fundamental events and how the crowd psychology was shifting. I know you don't deny the auditing change event, and that *opportunity*, but you seem to deny how people were feeling. Even John admitted that it would take flawless execution to maintain that market cap.
Last point is, you talk a lot about how obvious things are, but never offer a prediction of what then will happen. Looks more like you are just commenting about things in real-time, but never offering how someone may take advantage of it, or what it means going forward.
One thing I do agree with you is that in March, a sophisticated buyer did show up. They did use some tricks, and it was obvious. There was a day when the MM's were lined up on the ask heavily, with few MM's on the bids. I think there were 2 in the .70's, and maybe 8 in the .80's. They tried to push the scared herd out leading into the 10k deadline(before the extension was filed), and nobody sold. Quickly the MM's fought and lined up bids in the mid to high .70's, and we recovered the .80's, and the the ask got thiner. That was a defining moment. Then, we broke .90(which was talked about here for months as the key), and off we went. A similar game occurred ealier in the week when we touched down to 1.52.
In closing, I don't disagree with you quite as much as it may seem, but I just think you make WAY too much out of stuff. It's stuff that I've seen occur for 15 years of trading on almost all stocks. It's just the way markets are made. It's path of least resistance. Supply and demand, finding equilibriums until new fundamental events shape the psychology of the crowd. I hate that your focus of the paradigm shift has to be about shorts, rather than the fundamental paradigm shift itself, and how people are getting excited. There are clearly people with large amounts of money that are accumulating and now fighting over the float, leading to this explosion/chase for shares that we are now in. I feel like your nearly sole focus on the short demeans what is really happening.
To know the truth, one must get rid of knowledge, as nothing is more powerful and creative than emptiness.
