Replies to post #48383 on Sulja Bros. Building Supplies, Ltd (SLJB)

[peorge]

i agree 100%. i use L2 and know how to read it and it does not tell you if it is a buy at the bid. if someone has other info i would like to know how they can tell also.

peorge

[midwestmi]

I think we would all love to know the answer to that question. It's really quite interesting. If it is a big seller out there, at least the are somewhat doing it cautiously, and not just slamming the bid to drop the pps.

On the other hand, someone else is picking up those shares, even if there is someone unloading big time. It could be covering by the MM's, but I think it's fair game to say that everyone is guessing. If it's not Wessal, nor the MM's, who's next on the list. I doubt one buyer would be purchasing that many shares, and this has been going on now for awhile.

Just another of those "time will tell" what happens, when we quit seeing the big blocks played out as they've been.

[ATM]

Concerning those block buys .... It does not add up.
Supply and Demand .... basics ... if there is a huge buyer ... it should, in all common sense, create buying pressure and the stock's PPS should go up. PERIOD!

Why would MM's sell out of their inventory if they know there is a huge short position in the stock and they can't replenish their inventory. So, if Wessal is buying in the open market (25%) then the price should be going up becuase in theory there should be more buyers than sellers. But we are drifting on lower volume.

I don't know what is happening, but 25% would be approxiametly how many shares? 100 million?

What is the true float? Isn;t their 800 million AS , 300 million which is held by the treasury for future merger. So 500 million outstanding. Then there is the whole supposed "short position" or NSS position of supposed 100 to 200 million shares.

Something does not compute! Time hopefully will clarify all this. But, the reason why this PPS has not "busted a move" begs an explanation more than just unlimited NSS Phantom shares being issued. To much scrutiny in that area to just go rampant without being sent to the big house by MM's.

I don't think they are that stupid.

[greenspirit]

What exactly are you expecting? A little note to pop up next to level two saying "Mr Jones has just purchased 1 million shares" and then one of us to inform you?

C'mon, get real. Just about everything said on this board is speculation. That's why we come here, to receive other people's opinions/analysis/guesses/supposition/speculation/ or any other word you care to use.

The ideas presented then become a part of the filtering process each of uses in order to make determinations regarding the direction of the stock.

[JJSeabrook]

BLOCK TRADES: Visiontrack, I wish I could do a screen shot of my Microcap Trading alerts. There were a total of 6 block trades today. It shows a red DOWNTICK arrow if the block trade went through at a lower PPS than what it was when the block trade went through. IF the block trade went through at a higher price that what the PPS of the stock was before the block trade, there is a green UPTICK arrow. IF the block trade went through at the same PPS as the last trade, there's no arrow at all. For instance:

16:00:00 DOWNTICK 500,000 shares @ .074.

The PPS before that trade was .076. It dropped to .074 when this 500,000 share block trade went through so that gives you a red DOWNTICK arrow.

There were 4 block trades today that show a red downtick arrow in the following amounts: 500,000 @ .074, 250,000 @ .074, 500,000 @ .074, and 1,000,000 @ .074.

There was 1 block trade that shows a green uptick arrow. It was for 400,000 shares @ .077.

There was 1 block trade today that traded at the same PPS as the trade before the block trade went through, which has neither a green uptick arrow nor a red downtick arrow, for 200,000 @ .076.

This is how you can tell if a block trade went through at a lower PPS than the last trade of the stock, if the block trade went through at a higher PPS than the last trade of the stock, or if the block trade went through at the same PPS as the last trade.

You can also track these to a fair degree of accuracy by watching level II, but it's much easier with a program. I just have to type in the range of trading for SLJB for the day, .074-.0795 , and I automatically get every block trade that went through on the stock for the entire day, or at any given time of the day. Hope that helps.

BTW, they painted the close today and that was no accident.

JJ

Posted by: Visiontrack
In reply to: peorge who wrote msg# 48251 Date:8/18/2006 4:10:38 PM
Post #of 48283

Don't want guessing,
I'm just looking for a simple answer, I'm long this stock at the moment.
Just don't want people putting guessing out as if it's fact if they don't know for sure.
I've heard about these large block buy's since wessell announced the 25% buyin. Yet no one is tellig me how they tell the diff from a buy or sell when it goes at the bid.

They may be right and they are buy's, I'm trying to learn something here.
If they can't tell me, then they should stop calling them buy's!!!